Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 376

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 376
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 sale ( 161) ( 129) ( 290)
Translation differences 156 ( 11) 19 164
On December 31, 2023 € 11,218 19,178 4,891 - 35,287
Depreciation 5,284 4,787 1,005 11,076
Impairment 1,068 17 158 1,243
Sales and disposals ( 6,554) ( 663) ( 2,460) ( 9,677)
Translation differences ( 68) 39 ( 8) ( 37)
On December 31, 2024 € 10,948 23,358 3,586 - 37,892
Carrying amount
On December 31, 2023 € 79,487 20,500 4,463 6,770 111,220
On December 31, 2024 € 75,066 25,926 3,876 530 105,399
The sales and disposals of 2023 mainly relate to the transaction with NovAlix. We refer to note 29 “ Details of the NovAlix transaction” for more information.
The other tangible assets primarily consist of assets under construction, which are not yet available for use and therefore not yet depreciated as per December 31, 2024. In 2023 we recorded an impairment of €7.6million on the construction project in Mechelen (Belgium), following a re-assessment of the project. As we signed a share purchase agreement for this project in December 2024, we reclassified the land and other tangible assets of Galapagos Real Estate Belgium BV to assets in disposal group classified as held for sale.

F-43

Table of Contents

RIGHT-OF-USE Land & Installation & Furniture,
building machinery fixtures &
vehicles
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(Euro, in thousands)
Acquisition value
On January 1, 2023 € 34,834 € 437 € 12,505 47,777
Additions 1,726 1,724 3,450
Sales and disposals ( 11,497) ( 186) ( 1,897) ( 13,580)
Reclassifications to assets in disposal group classified as held for sale