Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 477

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 477
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 below) was treated as an advance for future services to be obtained from NovAliX throughout the five years collaboration. This advance will gradually be released through profit or loss, in line with the purchase commitment towards NovAliX over the five year period of the collaboration between us and NovAliX. The part still to be released on December 31, 2024 has been presented in the statement of financial position as other current asset (€2.7 million) and other non-current asset (€2.9 million). 
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                        ​                            ​       ​            ​     
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​                                                        December 31,           
​                                                        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 following five 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

30. Note to the cash flow statement
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​                                                                                           ​   December 31,                                           
​                                                                                           2024                2023                 2022              
​                                                                                           ​   (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 (-)