Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 390

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 390
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2024
(Euro, in thousands)
Loss on sale of fixed assets € 12,506
Result of transfer of retirement benefit liability ( 3,022)
Result of transfer of right-of-use asset 174
Advance related to the NovAliX transaction € 9,658
Furthermore we made an upfront payment to NovAliX of€ 8.3 million on closing of the transaction which is a prepayment for the future purchase commitment for the followingfive years. The remaining part has been presented in our statement of financial position on December 31, 2024 as other current asset (€ 2.2 million) and other non-current asset (€ 2.6 million).

F-56

Table of Contents

30. Note to the cash flow statement

                                                                                                 December 31,                                                       
                                                                                                 2024                                                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                 (Euro, in thousands)                                               
  Adjustment for non-cash transactions                                                                                                                              
  Depreciation and impairment on intangible assets and property, plant and equipment             €                            45,499         43,642         65,566  
  Share-based compensation expenses                                                                                           19,886         56,718         88,506  
  Increase/decrease (-) in retirement benefit obligations and provisions                                                      ( 524)             11            136  
  Unrealized exchange losses/gains (-) and non-cash other financial result                                                 ( 23,858)         19,908      ( 41,970)  
  Discounting effect of non-current deferred income                                                                           ( 227)         ( 645)          7,672  
  Discounting effect of other non-current liabilities                                                                         ( 395)         ( 318)          2,271  
  Discounting effect of contingent consideration receivable                                                                 ( 4,002)              —              —  
  Fair value re-measurement of warrants                                                                                         ( 4)          ( 18)         ( 186)  
  Net change in fair value of current financial investments                                                                ( 49,984)      ( 22,690)       ( 6,929)  
  Fair value adjustment financial assets held at fair value through profit or loss                                                 —            390              —  
  Fair value adjustment contingent consideration receivable                                                                   ( 931)              —              —