Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 384

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 384
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 share capital of Galapagos NV within the framework of the authorized capital through contributions in kind or in cash.
When increasing the share capital within the limits of the authorized capital, the Board of Directors may, if in Galapagos NV’s interest, restrict or cancel the shareholders’ preferential subscription rights, even if such restriction or cancellation is made for the benefit of one or more specific persons other than the employees of the group. Said authorization can be renewed.
The authorization consists of two parts:
A general authorization for capital increases up to 20% of the share capital at the time of convening the Shareholders’ Meeting of April 30, 2024 (i. e. € 71,288,987.72) was renewed and is valid...
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A specific authorization for capital increases of more than 20% and up to 33% of the share capital at the time of the convening the Shareholders' Meeting of April 25, 2017 (i. e. € 82,561,764.93...
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F-50

Table of Contents

As of December 31, 2024, an amount of €63,817,777.72 still remained available under the general part of the authorized capital.

OTHER RESERVES

Other reserves at December 31, 2024 was negative for€3.2million (€5.9million at December 31,2023) and was related to fair value adjustments on financial assets held at fair value through other comprehensive income for an amount of €2.5million (nilat December 31, 2023), and to the re-measurement of the defined benefit obligation for a negative amount of €5.6million (a negative amount of €5.9million at December 31, 2023).

24. Deferred tax

The following table shows the movements in deferred tax assets and deferred tax liabilities:

                                                            DEFERRED TAX ASSETS                                                                                                        
                                                            Retirement                                              Tax loss                                                           
                                                            (Euro, in thousands)                                                                                                       
  On January 1, 2023                                        €                                               19                        1,061                 —         281       1,363  
  Credited/charged (-) to profit or loss                                                                                              ( 1