Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 208

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 5
Chunk 208
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4, and higher investments in financial assets held at fair value through other comprehensive income, which increased from €14.0 million for the year ended December 31, 2023 to €36.9 million for the year ended December 31, 2024. 
The decrease in net cash flow used in financing activities for the year ended December 31, 2024, can primarily be attributed to lower proceeds received on exercises of subscription rights, which were for the years ended December 31, 2024 and 2023 respectively nil and €1.8 million, offset by a decrease in payments of lease liabilities, which were for the years ended December 31, 2024 and 2023 respectively €4.9 million and €6.8 million.

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150

The consolidated cash flow table above included both continuing and discontinued operations. The table below summarizes our statement of cash flows from discontinued operations included in the consolidated cash flow table for the years ended December 31, 2024 and 2023.

                      ​                         ​   ​      ​       ​   ​       ​       ​    ​        ​   
---------------------------------------------------------------------------------------------------------
​                                               2024               2023                    Variance      
​                                               ​   (Euro,                                               
                                                    in thousands)                                        
Net cash flow used in operating activities      ​   €   (36,367)   ​   €   (175,627)   ​   €      139,260
Net cash flow used in investing activities      ​   ​    (8,949)   ​   ​       (105)   ​   ​      (8,844)
Net cash flow used in financing activities      ​   ​          —   ​   ​     (1,928)   ​   ​        1,928
Net cash flow used in discontinued operations   ​   €   (45,316)   ​   €   (177,660)   ​   €      132,344
​
Comparison for the years ended December 31, 2023 and 2022 
We refer to the “Item 5 - Operating and financial review and prospects - Financial operations overview” of our year ended December 31, 2023 Form 20-F for the comparison of the years ended December 31, 2023 and 2022. 
Cash and funding sources
For the years ended December 31, 2024, 2023 and 2022, excluding cash proceeds from subscription right exercises, we did not make