Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 381

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 381
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(Euro, in thousands)
Non-current financial investments € 200,182
Total non-current financial investments € 200,182
December 31,
2024
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(Euro, in thousands)
Money market funds € 1,484,599 1,316,805
Treasury bills 255,078 742,025
Term deposits 1,313,657 1,458,868
Total current financial investments € 3,053,334 3,517,698
The non-current financial investments refer to a new term account that was acquired in December 2024 with a maturity of18 months. In February 2025, the term account was terminated as a result of the planned Separation.. We refer to note 37 for more information.
Term deposits as part of current financial investments refer to non-cancellable term deposits with a maturity exceeding three months from the acquisition date. Our portfolio of treasury bills contains only AAA rated paper, issued by Belgium, France and Europe. Our money market funds portfolio consists of AAA short-term money market funds with a diversified and highly rated underlying portfolio managed by established fund management companies leading to an insignificant risk of changes in value. The funds have an important daily liquidity and can be easily converted to cash.
On December 31, 2024, our current financial investments included $686.6million held in USD, which could generate a foreign currency exchange gain or loss in our financial results in accordance with the fluctuation of the EUR/USD exchange rate as our functional currency is EUR. This effect is embedded in the net exchange differences (for

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exchange differences on term deposits) and the fair value result of current financial investments (for exchange differences on money market funds) recognized in our consolidated income statement.
We refer to note 35 for more information on our financial investments and to note 10 for more details about the fair value re-measurements and currency exchange gains or losses recognized in our consolidated income statement. 22. Cash and cash equivalents
December 31,
2024
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(Euro, in thousands)
Cash at banks € 64,239 71,803
Term deposits - 95,000
Cash and cash equivalents from continuing operations € 64,239 166,803
Cash and cash equivalents