Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 335

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 335
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. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U. S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte Bedrijfsrevisoren/Réviseurs d’ Entreprises BV/SRL

Zaventem, Belgium

March 23, 2023 (March 28, 2024 as to the effects of the discontinued operations described in Note 5)

We began serving as the Company’s auditor in 2000. In 2023 we became the predecessor auditor.

F-5

Table of Contents

Consolidated Statements of Financial Position

                                                                                                 December 31,                                                     
                                                                                                 2024                                                      Notes  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                 (Euro, in thousands)                                             
  Assets                                                                                                                                                          
  Goodwill                                                                                       €                             70,010          69,557         13  
  Intangible assets other than goodwill                                                                                       164,862         127,906         14  
  Property, plant and equipment                                                                                               122,898         126,321         15  
  Deferred tax assets                                                                                                           1,474           1,126         24  
  Non-current R& D incentives receivables                                                                                     132,729         141,252         18  
  Non-current contingent consideration receivable                                                                              42,465               —          5  
  Equity investments                                                                                                           52,941          13,575         16  
  Other non-current assets                                                                                                      8,708          16,070         17  
  Non