Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 382

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 16I
Chunk 382
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 included in assets held for sale - 7
Total cash and cash equivalents € 64,239 166,810
Cash and cash equivalents may comprise cash at banks, bank deposits and money market funds that are readily convertible to cash and are subject to an insignificant risk of changes in value. Cash and cash equivalents at December 31, 2023 comprised a term deposit of €50.0million which had an original maturity longer thanthree months, but was readily convertible to cash without a significant penalty, and a term deposit with an original maturity less than three months of €45million. All cash and cash equivalents are available upon maximum three month notice period and without significant penalty. Cash at banks were mainly composed of notice accounts and current accounts. Our credit risk is mitigated by selecting a panel of highly rated financial institutions for our deposits.
On December 31, 2024 our cash and cash equivalents included $40.3million held in U. S. dollars, which could generate a foreign currency exchange gain or loss in our financial results in accordance with the fluctuation of the EUR/U. S. dollar exchange rate as our functional currency is EUR. We refer to note 10 for more details about the currency exchange gains/losses recognized in our consolidated income statement. 23. Share capital and other reserves
2024
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(Euro, in thousands)
On January 1 € 293,937 293,604 292,075
Share capital increase - 333 1,530
Share capital on December 31, € 293,937 293,937 293,604
Aggregate share capital € 356,445 356,445 356,112
Costs of capital increase (accumulated) ( 62,507) ( 62,507) ( 62,507)
Share capital on December 31, € 293,937 293,937 293,604

F-48

Table of Contents

HISTORY OF SHARE CAPITAL
The history of the share capital of Galapagos NV between January 1, 2022 and December 31, 2024 is as follows:
Date Number of Aggregate
January 1, 2022 65,553 354,582
March 18, 2022 517 96
June 20, 2022 434 80
September 27, 2022 579 107
December 31,