Galapagos NV Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	87.87	64.24	166.8	508.12	2,233
Short-Term Investments	2,910	3,053	3,518	3,586	2,470
Cash & Short-Term Investments	2,998	3,118	3,685	4,094	4,703
Cash Growth	-3.83%	-15.39%	-10.00%	-12.95%	-8.88%
Accounts Receivable	20.71	47.48	17.49	28.19	91.79
Other Receivables	31.21	39.88	48.16	49.15	36.82
Receivables	51.91	87.36	65.66	77.34	128.6
Inventory	22.49	51.19	73.98	52.93	20.57
Prepaid Expenses	-	-	0.74	0.49	0.2
Restricted Cash	-	41.16	-	-	-
Other Current Assets	7	42.16	36.72	12.03	9.31
Total Current Assets	3,079	3,339	3,862	4,237	4,862
Property, Plant & Equipment	80.66	122.9	126.32	154.25	137.51
Long-Term Investments	46.81	253.12	13.58	-	-
Goodwill	-	70.01	69.56	69.81	-
Other Intangible Assets	0.85	164.86	119.19	136.1	48.31
Long-Term Deferred Tax Assets	0.2	1.47	1.13	1.36	4.03
Long-Term Deferred Charges	-	-	8.72	10.26	11.8
Other Long-Term Assets	177.37	183.9	157.32	125.72	129.66
Total Assets	3,407	4,136	4,357	4,734	5,193
Accounts Payable	104.65	98.88	134.65	133.3	134.3
Accrued Expenses	-	-	0.55	0.65	3.11
Current Portion of Leases	1.73	3.48	4.65	7.21	7.2
Current Income Taxes Payable	0.96	0.25	0.06	1.02	1.78
Current Unearned Revenue	0.03	232.48	256.27	365.63	419.87
Other Current Liabilities	45.5	-	32.04	14.73	0.2
Total Current Liabilities	152.86	335.08	428.22	522.54	566.47
Long-Term Leases	5.19	8.24	4.94	14.69	19.66
Long-Term Unearned Revenue	-	838.88	1,071	1,624	1,945
Pension & Post-Retirement Benefits	-	2.1	2.29	5.54	11.7
Long-Term Deferred Tax Liabilities	-	20.66	23.61	20.15	-
Other Long-Term Liabilities	12.6	33.82	31.57	21.81	7.13
Total Liabilities	170.65	1,239	1,562	2,208	2,550
Common Stock	293.94	293.94	356.44	356.11	354.58
Additional Paid-In Capital	2,737	2,737	2,737	2,736	2,730
Retained Earnings	210.58	-134.31	-228.27	-496.69	-367.21
Comprehensive Income & Other	-5.64	0.31	-69.6	-68.95	-74.41
Shareholders' Equity	3,236	2,897	2,796	2,526	2,643
Total Liabilities & Equity	3,407	4,136	4,357	4,734	5,193
Total Debt	6.92	11.72	9.6	21.9	26.86
Net Cash (Debt)	2,991	3,106	3,675	4,072	4,676
Net Cash Growth	-3.69%	-15.48%	-9.75%	-12.92%	-8.88%
Net Cash Per Share	45.40	46.96	55.74	61.98	71.39
Filing Date Shares Outstanding	65.88	65.9	65.9	65.84	65.65
Total Common Shares Outstanding	65.88	65.9	65.9	65.84	65.55
Working Capital	2,927	3,004	3,433	3,714	4,295
Book Value Per Share	49.12	43.96	42.42	38.37	40.32
Tangible Book Value	3,235	2,662	2,607	2,320	2,595
Tangible Book Value Per Share	49.11	40.40	39.56	35.24	39.59
Land	-	-	90.71	88.72	26.13
Machinery	-	-	49.03	67.28	54.1

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.