Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 454

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 454
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Other operating expenses                    ​   ​     (21,946)   ​    ​     (22,963)   ​    ​     (26,375)
Total general and administrative expenses   ​   €    (117,245)   ​    €    (128,289)   ​    €    (135,155)
​
​
OTHER OPERATING INCOME 
The following table summarizes other operating income for the years ended December 31, 2024, 2023 and 2022.​

             ​                 ​   ​      ​      ​    ​      ​      ​    ​      ​   
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​                              ​   Year ended December 31,                          
​                              2024              2023               2022            
​                              ​   ​                            (Euro, in thousands)
Grant income                   ​   €     2,035   ​    €     6,618   ​    €     1,873
R&amp;D incentives income      ​   ​    27,223   ​    ​    32,968   ​    ​    29,104
Other income                   ​   ​    11,515   ​    ​     7,686   ​    ​     5,150
Total other operating income   ​   €    40,773   ​    €    47,272   ​    €    36,127
​
​
The grant income in 2024, 2023 and 2022 was fully related to grants from a Flemish agency and the Belgian government. In many cases these grant agreements carry clauses which require us to maintain a presence in the same region for a number of years and invest according to pre-agreed budgets. Grant income in 2023 also included a grant of €6.1 million from the National Institute for Health and Disability Insurance (2024: nil, 2022: nil). This grant aimed to incentivize innovative Belgian biotech companies who are performing research and development activities in order to identify new medicines.R&D incentives income was primarily composed of:​
​

                                              ​                                                 ​   ​      ​      ​    ​      ​      ​    ​      ​   
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​                                                                                               ​   Year ended December 31,                          
​                                                                                               2024              2023               2022            
​                                                                                               ​   ​                            (Euro, in thousands)
Income from innovation incentive system in France                                               ​   €     2,056