Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 374

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 374
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 flows that cover a period of16 years (in accordance with management's assumptions on patent protection of the underlying assets). The period considered exceeds five years because the main sales are expected for the period beyond 2029. The key assumptions used in this valuation (level 3 in the fair value hierarchy) of the recoverable amount of the underlying cash-generating unit were:

  Probability of success of our clinical programs that is based on benchmarks in combination with management estimate. Probabilities of success are continuously evaluated in light of the progress...  

  Terminal growth rate of - 50% reflecting the anticipated sales evolution beyond 2040  

  Discount rate of 13.75% ( 1 3.72% on December 31, 2023)  
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  Future revenue and investment assumptions are based on management estimates of the overall cell therapy market, consistent with the assumptions that a market participant would make. Estimates a...  

Noimpairment was identified per December 31, 2024.

F-41

Table of Contents

Reference is made to note 28 “ Business combinations during the prior periods” for a detailed description of both business combinations.

14. Intangible assets other than goodwill

                                   Software &                                            Exclusive rights                            
                                   databases                                                                                         
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                   (Euro, in thousands)                                                                              
  Acquisition value                                                                                                                  
  On January 1, 2023               €                           27,377        44,258                89,720      15,384       176,740  
  Additions                                                       567                                                           567  
  Sales and disposals                                          ( 930)        ( 948)                                        ( 1,878)  
  Translation differences                                                    ( 139)                                          ( 139)  
  On December 31, 2023             €                           27,014        43,171                89,720      15,384       175,290  
  Additions                                                       666                              64,725                    65,391  
  Sales and disposals                                        ( 1,863)      ( 3,613)                                        ( 5,476)  
  Reclassifications                                                                                                               —  
  Translation differences                                                       246                                             246  
  On December 31, 2024             €                           25,817        39,804               154,445      15,