Galapagos NV Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	64.46	64.24	166.8	508.12	2,233	2,135
Short-Term Investments	2,986	3,053	3,518	3,586	2,470	3,026
Cash & Short-Term Investments	3,050	3,118	3,685	4,094	4,703	5,161
Cash Growth	-8.65%	-15.39%	-10.00%	-12.95%	-8.88%	-10.71%
Accounts Receivable	45.33	47.48	28.45	40.43	111.34	148.42
Inventory	22.95	51.19	73.98	52.93	20.57	0.04
Other Current Assets	43.63	123.21	74.66	49.43	26.77	59.43
Total Current Assets	3,162	3,339	3,862	4,237	4,862	5,369
Net Property, Plant & Equipment	105.62	122.9	126.32	154.25	137.51	114.15
Other Intangible Assets	7.42	164.86	127.91	146.35	60.1	103.38
Goodwill	-	70.01	69.56	69.81	-	67.57
Long-Term Investments	67.61	253.12	13.58	-	-	-
Other Long-Term Assets	169.24	185.38	158.45	127.08	133.69	177.44
Total Assets	3,512	4,136	4,357	4,734	5,193	5,718
Accounts Payable	100.63	98.88	135.2	148.68	137.62	175.55
Current Portion of Leases	1.74	3.48	4.65	7.21	7.2	6.4
Unearned Revenue	230.12	232.48	256.27	365.63	419.87	443.16
Other Current Liabilities	34.07	0.25	32.1	1.02	1.78	10.17
Total Current Liabilities	366.56	335.08	428.22	522.54	566.47	635.27
Long-Term Leases	5.76	8.24	4.94	14.69	19.66	23.04
Other Long-Term Liabilities	692.62	895.46	1,129	1,671	1,964	2,389
Total Long-Term Liabilities	698.39	903.7	1,134	1,686	1,983	2,412
Total Liabilities	1,065	1,239	1,562	2,208	2,550	3,047
Common Stock	293.94	293.94	293.94	293.6	292.08	291.31
Additional Paid-in Capital	2,737	2,737	2,737	2,736	2,730	2,728
Accumulated Other Comprehensive Income	-6.23	0.31	-7.09	-6.45	-11.9	-14.1
Retained Earnings	-577.74	-134.31	-228.27	-496.69	-367.21	-334.7
Shareholders' Equity	2,447	2,897	2,796	2,526	2,643	2,670
Total Liabilities & Equity	3,512	4,136	4,357	4,734	5,193	5,718
Total Debt	7.5	11.72	9.6	21.9	26.86	29.44
Net Cash (Debt)	3,043	3,106	3,675	4,072	4,676	5,132
Net Cash Growth	-2.04%	-15.48%	-9.75%	-12.92%	-8.88%	-10.83%
Net Cash Per Share	-	47.10	55.74	61.98	71.39	78.86
Book Value	2,447	2,897	2,796	2,526	2,643	2,670
Book Value Per Share	-	43.93	42.40	38.45	40.36	41.04
Tangible Book Value	2,440	2,662	2,598	2,310	2,583	2,499
Tangible Book Value Per Share	-	40.37	39.41	35.16	39.44	38.41

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.