Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 331

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 331
---
fsrevisoren BV (Firm ID: 1432)                                       F-2   
  Report of Independent Registered Public Accounting Firm – Deloitte Bedrijfsrevisoren/Réviseurs d’ Entreprises BV/SRL (Firm ID:1133)      F-5   
  Consolidated Statements of Financial Position                                                                                            F-6   
  Consolidated Income Statements                                                                                                           F-7   
  Consolidated Statements of Comprehensive Income/Loss (-)                                                                                 F-8   
  Consolidated Statements of Changes in Equity                                                                                             F-9   
  Consolidated Statements of Cash Flows                                                                                                    F-10  
  Notes to Consolidated Financial Statements                                                                                               F-11  

F-1

Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Shareholders and Board of Directors

Galapagos NV

Mechelen, Belgium

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated statements of financial position of Galapagos NV (the “ Company”) as of December 31, 2024 and 2023, the related consolidated income statements, consolidated statements of comprehensive income/loss, changes in equity, and cash flows for each of the two years in the period ended December 31, 2024, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with the International Financial Reporting Standards as issued by the International Accounting Standards Board.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and our report dated March 27, 2025 expressed an unqualified opinion thereon.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be