Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 370

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 370
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,776) ( 1,267)
Professional fees ( 904) ( 131) ( 99)
Other operating expenses ( 2,440) ( 659) ( 363)
Total sales and marketing expenses € ( 17,193) ( 5,676) ( 3,480)

F-36

Table of Contents

GENERAL AND ADMINISTRATIVE EXPENSES

The following table summarizes the general and administrative expenses for the years ended December 31, 2024, 2023 and 2022.

                                                 Year ended December 31,                                                            
                                                 2024                                                                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                              (Euro, in thousands)                                  
  Personnel costs                                €                                       ( 52,642)       ( 66,098)       ( 76,536)  
  Depreciation and impairment                                                             ( 8,697)       ( 15,978)        ( 8,529)  
  Legal and professional fees                                                            ( 33,960)       ( 23,250)       ( 23,715)  
  Other operating expenses                                                               ( 21,946)       ( 22,963)       ( 26,375)  
  Total general and administrative expenses      €                                      ( 117,245)      ( 128,289)      ( 135,155)  

OTHER OPERATING INCOME

The following table summarizes other operating income for the years ended December 31, 2024, 2023 and 2022.

                                    Year ended December 31,                                                    
                                    2024                                                                       
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                 (Euro, in thousands)                          
  Grant income                      €                                           2,035       6,618       1,873  
  R& D incentives income                                                       27,223      32,968      29,104  
  Other income                                                                 11,515       7,686       5,150  
  Total other operating income      €                                          40,773      47,272      36,127  

The grant income in 2024, 2023 and 2022 was fully related to grants from a Flemish agency and the Belgian government. In many cases these grant agreements carry clauses which require us to maintain a presence in the same region for a number of years and invest according to pre-ag