Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 386

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 386
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 cost plus basis for which deferred tax assets were recognized for €1.5million (2023 and 2022: €1.1million).

Net deferred tax liabilities were initially calculated based on the fair value of the intangible assets identified from the acquisition of CellPoint and AboundBio, adjusted by considering the related recognizable deferred tax assets. We refer to note 28 for more information on the purchase price allocation of the business combinations.

25. Lease liabilities

                                                       December 31,                                     December 31,                                            
                                                       2024                                             2024                                                    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                       (Euro, in thousands)                             (Euro, in thousands)                                    
                                                       Lease payments                                   Present value of lease payments                         
  Lease liabilities                                                                                                                                             
  Within one year                                      €                          3,830      4,779      €                                     3,479      4,652  
  In the second to fifth years inclusive                                          7,307      5,031                                            6,592      4,944  
  After five years                                                                1,796          —                                            1,651          —  
                                                       €                         12,933      9,810      €                                    11,722      9,596  
  Less future finance charges                                                     1,211        214                                                              
  Present value of lease liabilities                   €                         11,722      9,596                                                              
  Less amount due for settlement within 12 months                                 3,479      4,652                                            3,479      4,652  
  Amount due for settlement after 12 months            €                          8,243      4,944      €                                     8,243      4,944  

We refer to note 15 Property, plant and equipment, for details on the right-of-use assets.

F-52

Table of Contents

26. Trade and other liabilities and other non-current liabilities

                                                                            December 31,                                   
                                                                            2024                                           
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                            (Euro, in thousands)                           
  Trade and other liabilities                                               €                         97,780      134,653  
  Current financial instruments                                                                            5            —  
  Accrued charges                                                                                      1,092          548  
  Total trade and other liabilities                                         €                         98,877      135,