Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 458

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 458
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 1,166
Income taxes   ​   €      1,803   ​    €    (9,613)   ​    €      (572)
​
Current tax, consisting of corporate income taxes, and deferred tax income/cost (–) related to subsidiaries of our continuing operations working on a cost plus basis. The decrease in 2024 as compared to 2023 was primarily due to the re-assessment in 2023 of net deferred tax liabilities and corporate income tax payables as a result of a one-off intercompany transaction.
TAXES RECOGNIZED IN PROFIT OR LOSS
For the purpose of the disclosure below corporation tax was calculated at 25% (2023 and 2022: 25%)—which is the tax rate applied in Belgium—on the estimated assessable result for the year. The applied tax rate for other territorial jurisdictions was the tax rate that is applicable in these respective territorial jurisdictions on the estimated taxable result of the accounting year.​

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​                                                                                                                                         ​   Year ended December 31,                               
​                                                                                                                                         2024               2023                 2022              
​                                                                                                                                         ​   (Euro, in thousands)                                  
Profit/loss (-) before tax                                                                                                                ​   €    (3,085)   ​    €       5,625   ​    €    (70,849)
Income tax debit/credit (-), calculated using the Belgian statutory tax rate on the accounting income/loss (-) before tax (theoretical)   ​   ​      (771)   ​    ​       1,406   ​    ​    (17,712)
Tax income (-)/expenses in income statement (effective)                                                                                   ​   ​    (1,803)   ​    ​       9,613   ​    ​         572
Difference in tax expense/income to explain                                                                                               ​   €    (1,032)   ​    €       8,207   ​    €      18,284
​                                                                                                                                         ​   ​          ​   ​    ​           ​   ​    ​           ​
Effect of tax rates in other jurisdictions                                                                                                ​   €      (132)   ​    €        (94)   ​    €       (337)
Effect of non-taxable income                                                                                                              ​   ​    (5,247)   ​    ​