Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 456

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 456
---
 ​   Year ended December 31,                                   
​                                           2024                 2023                  2022               
​                                           ​   ​                                     (Euro, in thousands)
Wages and salaries                          ​   €     (98,863)   ​    €    (100,250)   ​    €     (99,708)
Social security costs                       ​   ​     (15,590)   ​    ​     (15,742)   ​    ​     (16,748)
Pension costs                               ​   ​      (5,669)   ​    ​      (5,581)   ​    ​      (5,583)
Costs related to subscription right plans   ​   ​     (17,685)   ​    ​     (36,628)   ​    ​     (62,003)
Other personnel costs                       ​   ​      (9,136)   ​    ​      (6,682)   ​    ​      (9,670)
Total personnel costs                       ​   €    (146,943)   ​    €    (164,883)   ​    €    (193,712)
​
​
Reference is made to note 32 “Share-based payments” for more information on our subscription right plans.
​
​

F-38

10. Financial resultThe following table summarizes the financial result, consisting of fair value adjustments and net currency exchange differences, other financial income and other financial expenses for the years ended December 31, 2024, 2023 and 2022.​

                                      ​                                         ​   ​       ​      ​    ​       ​       ​    ​       ​   
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​                                                                               ​   Year ended December 31,                              
​                                                                               2024               2023                 2022             
​                                                                               ​   (Euro, in thousands)                                 
Fair value adjustments and net currency exchange differences:                   ​   ​          ​   ​    ​           ​   ​    ​          ​
Net unrealized currency exchange gain/loss (-)                                  ​   €     22,727   ​    €    (20,544)   ​    €     41,559
Net realized currency exchange gain/loss (-)                                    ​   ​      (678)   ​    ​     (1,118)   ​    ​      2,825
Fair value re-measurement of warrants                                           ​   ​          4   ​    ​          18   ​