Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 210

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 5
Chunk 210
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 funding needs, see the section of this annual report titled “Item 3.D.—Risk Factors—Risks Related to Our Financial Position and Need for Additional Capital.”
Capital expenditures
Our commitments for capital expenditures as of December 31, 2024 amounted to €2.4 million.
Our capital expenditures amounted to €82.1 million, €19.3 million and €36.9 million for the years ended December 31, 2024, 2023 and 2022 respectively. 
In 2024, our capital expenditures consisted of €7.0 million for land and building additions, laboratory and computer and other equipment for €9.7 million, €65.4 million of intangible assets related to upfront exclusivity payments (€64.7 million), and software development (€0.7 million).
In 2023, our capital expenditures consisted of €6.8 million for land and building additions, laboratory and computer and other equipment for €11.9 million, €0.6 million of intangible assets related to software development.
In 2022, our capital expenditures consisted of €19.2 million for land and building additions, laboratory and computer and other equipment for €8.1 million, €9.6 million of intangible assets related to license fees (€7.5 million), milestone payments (€0.9 million) and software development (€1.1 million).

Off-balance sheet arrangements
During the periods presented, we did not and do not currently have any off-balance sheet arrangements as defined under SEC rules, such as relationships with unconsolidated entities or financial partnerships, which are often referred to as structured finance or special purpose entities, established for the purpose of facilitating financing transactions that are not required to be reflected on our balance sheets.

Contractual obligations and commitments
We have certain purchase commitments with contract research organization subcontractors and with Gilead principally. Future events could cause actual payments to differ from these estimates. On December 31, 2024, we had outstanding obligations for purchase commitments, which become due as follows: 

         ​             ​   ​       ​      ​    ​        ​        ​       ​       ​        ​     ​      ​      ​     ​       ​  
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​                          Total              Less than                1 - 3                    3 - 5             More than 5  
                                              1 year                   years                    years             years        
​                      ​   ​    ​                              (Euro, in thousands)