EX-99.6

Exhibit 99.6


Free translation from original Dutch filed version for information purposes only		F-cap 1

ANNUAL ACCOUNTS AND OTHER DOCUMENTS TO BE FILED IN

ACCORDANCE WITH THE BELGIAN COMPANIES AND

ASSOCIATIONS CODE

IDENTIFICATION DETAILS (at the filing date)

NAME: Galapagos


Legal form ¹ : Public limited company

Address: Generaal De Wittelaan

Postal code: 2800	Town: Mechelen		N°. L11 , box A3

Country: Belgium

Register of legal persons—commercial court: Antwerp, division Mechelen

Website ²:

E-mail address ² :

		Company registration number	0466.460.429

DATE 29-09-2022 of filing the most recent document mentioning the date of publication of the deed of incorporation and of the deed of amendment of the articles of association.

This filing concerns ³:

☒ the ANNUAL accounts in EURO (2 decimals)⁴ approved by the general meeting of 25-04-2023

☒ the OTHER DOCUMENTS

regarding

the financial year covering the period from 01-01-2022 to 31-12-2022

the preceding period of the annual accounts from 01-01-2021 to 31-12-2021

The amounts for the preceding period are / ~~are not~~ ⁵ identical to the ones previously published.

Total number of pages filed: 57 Numbers of the sections of the standard model form not filed because they serve no useful purpose: 6.1, 6.2.1, 6.2.4, 6.17, 7, 8, 9, 11, 12, 13, 14, 15

Signature

(name and position)

Stoffels IMC BV, represented by Dr. Paul Stoffels

Director

Signature

(name and position)

Jérôme Contamine

Director

1	Where appropriate, “in liquidation” is stated after the legal form.

2	Optional mention.

3	Tick the appropriate box(es).

4	If necessary, change to currency in which the amounts are expressed.

5	Strike out what does not apply.

1/57


N°.		0466.460.429				F-cap 2.1

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR

CORRECTION ASSIGNMENT

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS

COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and town) and position within the company

Stoffels IMC BV 0780.918.294

Generaal De Wittelaan L11, box A3, 2800 Mechelen, Belgium

Mandate: Director, start: 26-04-2022, end: 28-04-2026

Represented by:

1 Stoffels Paul


Parekh Raj
Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 28-04-2021, end: 29-04-2025

Kerr Mary
Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 28-04-2020, end: 23-04-2024

Rowe Howard
Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 24-04-2018, end: 26-04-2022

Bosley Katrine
Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 28-04-2021, end: 26-04-2022

Guenter Peter
Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 30-04-2019, end: 25-04-2023

O’Day Daniel

Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 22-10-2019, end: 25-04-2023

Higgins Linda

Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 22-10-2019, end: 25-04-2023

Svanberg Elisabeth

Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 28-04-2020, end: 23-04-2024

Baker Dan

Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 26-04-2022, end: 28-04-2026

2/57


Nr.		0466.460.429				F-cap 2.1

LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS (continued from previous page)

Contamine Jérôme

Generaal De Wittelaan L11 A3, 2800 Mechelen, Belgium

Mandate: Director, start: 26-04-2022, end: 28-04-2026

Deloitte Bedrijfsrevisoren BV 0429.053.863

Gateway Building—Luchthaven Nationaal 1, box J, 1930 Zaventem, Belgium

Membership number: B00025

Mandate: Auditor, start: 28-04-2020, end: 25-04-2023

Represented by:

Houthaeve Nico

Gateway Building - Luchthaven Nationaal 1 , box J 1930 Zaventem Belgium

Bedrijfsrevisor, Membership number : A02260

3/57


N°.		0466.460.429				F-cap 2.2

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

The managing board declares that not a single audit or correction assignment has been given to a person not authorized to do so by law, pursuant to articles 34 and 37 of the law of 22 April 1999 concerning accounting and tax professions.

The annual accounts were / were not * audited or corrected by an external accountant or by a company auditor who is not the statutory auditor.

If affirmative, should be mentioned hereafter: surname, first names, profession and address of each external accountant or company auditor and their membership number at their Institute, as well as the nature of their assignment:

Bookkeeping of the company **,

Preparing the annual accounts **,

Auditing the annual accounts and/or

Correcting the annual accounts.

If the tasks mentioned under A or B are executed by certified accountants or certified bookkeepers - tax experts, the following information can be mentioned hereafter: surname, first names, profession and address of each certified accountant or certified bookkeeper-tax expert and their membership number at the Institute of Accounting professionals and Tax Experts, as well as the nature of their assignment.

Surname, first names, profession and address

Membership number

Nature of the

assignment

(A, B, C and/or D)

*	Strike out what does not apply.

**	Optional mention.

4/57


N°.		0466.460.429				F-cap 3.1

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION


	Notes		Codes		Period		Preceding period
ASSETS
FORMATION EXPENSES		6.1		20

FIXED ASSETS				21/28		287.678.343,32		107.304.404,99

Intangible fixed assets		6.2		21		18.165.368,92		48.289.584,03
Tangible fixed assets		6.3		22/27		17.595.160,96		15.697.365,57
Land and buildings				22		1.795.863,63		2.642.251,91
Plant, machinery and equipment				23		13.524.236,50		9.528.856,07
Furniture and vehicles				24		1.761.885,33		2.056.360,20
Leasing and other similar rights				25		0,00		0,00
Other tangible fixed assets				26		0,00		0,00
Assets under construction and advance payments				27		513.175,50		1.469.897,39
Financial fixed assets		6.4 / 6.5.1		28		251.917.813,44		43.317.455,39
Affiliated Companies		6.15		280/1		247.851.398,60		41.892.808,95
Participating interests				280		154.642.557,95		41.892.808,95
Amounts receivable				281		93.208.840,65
Other companies linked by participating interests		6.15		282/3		1,00		1,00
Participating interests				282		1,00		1,00
Amounts receivable				283
Other financial fixed assets				284/8		4.066.413,84		1.424.645,44
Shares				284
Amounts receivable and cash guarantees				285/8		4.066.413,84		1.424.645,44

5/57


N°.		0466.460.429				F-cap 3.1


	Notes		Codes		Period		Preceding period
CURRENT ASSETS				29/58		4.406.769.755,85		5.013.128.331,17

Amounts receivable after more than one year				29		87.847.046,48		92.500.048,60
Trade debtors				290		0,00		0,00
Other amounts receivable				291		87.847.046,48		92.500.048,60
Stocks and contracts in progress				3		52.665.394,63		20.360.570,40
Stocks				30/36		52.665.394,63		20.360.570,40
Raw materials and consumables				30/31		39.071.495,63		14.350.538,85
Work in progress				32		5.790.624,30		1.376.208,24
Finished goods				33
Goods purchased for resale				34		7.803.274,70		4.633.823,31
Immovable property intended for sale				35
Advance payments				36
Contracts in progress				37
Amounts receivable within one year				40/41		154.703.979,26		209.445.490,09
Trade debtors				40		72.294.845,49		92.851.469,32
Other amounts receivable				41		82.409.133,77		116.594.020,77
Current investents		6.5.1 / 6.6		50/53		3.635.944.614,15		3.477.317.279,55
Own shares				50
Other investments				51/53		3.635.944.614,15		3.477.317.279,55
Cash at bank and in hand				54/58		455.142.600,34		1.203.980.494,83
Accruals and deferred income		6.6		490/1		20.466.120,99		9.524.447,70

TOTAL ASSETS				20/58		4.694.448.099,17		5.120.432.736,16

6/57


N°.		0466.460.429				F-cap 3.2


	Notes		Codes		Period		Preceding period
EQUITY AND LIABILITIES
EQUITY				10/15		2.508.639.933,58		2.639.924.301,22

Contributions		6.7.1		10/11		3.015.856.524,50		3.009.161.167,90
Capital				10		356.111.899,01		354.582.005,11
Issued capital				100		356.111.899,01		354.582.005,11
Uncalled capital⁶				101
Beyond capital				11		2.659.744.625,49		2.654.579.162,79
Share premium account				1100/10		2.659.744.625,49		2.654.579.162,79
Other				1109/19
Revaluation surpluses				12
Reserves				13
Reserves not available				130/1
Legal reserve				130
Reserves not available statutorily				1311
Purchase of own shares				1312
Financial support				1313
Other				1319
Untaxed reserves				132
Available reserves				133
Accumulated profits (losses)		(+)/(-)		14		-507.216.590,92		-369.236.866,68
Capital subsidies				15
Advance to shareholders on the distribution of net assets ⁷				19
PROVISIONS AND DEFERRED TAXES				16		9.751.646,72		8.885.432,84

Provisions for liabilities and charges				160/5		9.751.646,72		8.885.432,84
Pensions and similar obligations				160
Taxes				161
Major repairs and maintenance				162
Environmental obligations				163
Other liabilities and charges		6.8		164/5		9.751.646,72		8.885.432,84
Deferred taxes				168

⁶	Amount to be deducted from the issued capital.

⁷	Amount to be deducted from the other components of equity.

7/57


N°.		0466.460.429				F-cap 3.2


	Notes		Codes		Period		Preceding period
AMOUNTS PAYABLE				17/49		2.176.056.518,87		2.471.623.002,10

Amounts payable after more than one year		6.9		17				1.500.000,00
Financial debts				170/4
Subordinated loans				170
Unsubordinated debentures				171
Leasing and other similar obligations				172
Credit institutions				173
Other loans				174
Trade debts				175
Suppliers				1750
Bills of exchange payable				1751
Advance payments on contracts in progress				176
Other amounts payable				178/9				1.500.000,00
Amounts payable within one year		6.9		42/48		300.241.235,39		240.616.552,18
Current portion of amounts payable after more than one year falling due within one year				42
Financial debts				43				652.248,54
Credit institutions				430/8
Other loans				439				652.248,54
Trade debts				44		67.168.085,94		149.436.470,22
Suppliers				440/4		67.168.085,94		149.436.470,22
Bills of exchange payable				441
Advance payments on contracts in progress				46
Taxes, remuneration and social security		6.9		45		25.642.149,30		16.705.137,72
Taxes				450/3		2.045.671,99		1.634.221,76
Remuneration and social security				454/9		23.596.477,31		15.070.915,96
Other amounts payable				47/48		207.431.000,15		73.822.695,70
Accruals and deferred income		6.9		492/3		1.875.815.283,48		2.229.506.449,92

TOTAL LIABILITIES				10/49		4.694.448.099,17		5.120.432.736,16

⁶	Amount to be deducted from the issued capital.

⁷	Amount to be deducted from the other components of equity.

8/57


N°.		0466.460.429				F-cap 4

PROFIT AND LOSS ACCOUNT


			Notes		Codes		Period		Preceding period
Operating income						70/76A		785.283.036,65		916.045.607,30
Turnover				6.10		70		418.495.174,45		503.389.557,93
Stocks of finished goods and work and contracts in progress: increase (decrease)	(+	)/(-)				71		4.414.416,06		1.376.208,24
Produced fixed assets						72		349.507.630,25		392.744.362,35
Other operating income				6.10		74		12.846.815,89		18.535.478,78
Non-recurring operating income				6.12		76A		19.000,00
Operating charges						60/66A		1.016.944.469,75		1.107.719.288,17
Goods for resale, raw materials and consumables						60		19.860.033,19		13.057.606,20
Purchases						600/8		47.750.441,36		31.687.042,95
Stocks: decrease (increase)	(+	)/(-)				609		-27.890.408,17		18.629.436,75
Services and other goods						61		420.835.394,77		500.011.877,25
Remuneration, social security and pensions	(+	)/(-)		6.10		62		77.772.120,25		70.359.917,83
Amortisations of and other amounts written down on formation expenses, intangible and tangible fixed assets						630		357.368.023,96		401.835.300,64
Amounts written down on stocks, contracts in progress and trade debtors: additions (write-backs) (+)/(-)				6.10		631/4		1.239.142,18		7.918,89
Provisions for liabilities and charges: appropriations (uses and write-backs) (+)/(-)				6.10		635/8		866.213,88		-2.325.058,70
Other operating charges				6.10		640/8		102.149.120,04		120.703.732,63
Operating charges reported as assets under restructuring costs	(-	)				649
Non-recurring operating charges				6.12		66A		36.854.421,48		4.067.993,43
Operating profit (loss)	(+	)/(-)				9901		-231.661.433,10		-191.673.680,87

9/57


N°.		0466.460.429				F-cap 4


	Notes		Codes		Period		Preceding period
Financial income				75/76B		135.553.985,24		119.235.560,98
Recurring financial income				75		135.553.985,24		85.764.548,98
Income from financial fixed assets				750		10.500.604,22		582,94
Income from current assets				751		22.459.253,19		3.047.683,63
Other financial income		6.11		752/9		102.594.127,83		82.716.282,41
Non-recurring financial income		6.12		76B		0,00		33.471.012,00
Financial charges		6.11		65/66B		60.963.867,63		40.455.192,40
Recurring financial charges				65		60.963.867,63		28.125.050,74
Debt charges				650		11.085.226,07		14.508.804,19
Amounts written down on current assets other than stocks, contracts in progress and trade debtors: additions (write-backs)		(+)/(-)		651		0,00		6.403.525,27
Other financial charges				652/9		49.878.641,56		7.212.721,28
Non-recurring financial charges		6.12		66B		0,00		12.330.141,66
Profit (Loss) for the period before taxes		(+)/(-)		9903		-157.071.315,49		-112.893.312,29
Transfer from deferred taxes				780
Transfer to deferred taxes				680
Income taxes on the result		(+)/(-) 6.13		67/77		-19.091.591,25		-20.155.885,92
Taxes				670/3		196.796,56		700.111,66
Adjustment of income taxes and write-back of tax provisions				77		19.288.387,81		20.855.997,58
Profit (Loss) of the period		(+)/(-)		9904		-137.979.724,24		-92.737.426,37
Transfer from untaxed reserves				789
Transfer to untaxed reserves				689
Profit (Loss) of the period available for appropriation		(+)/(-)		9905		-137.979.724,24		-92.737.426,37

10/57


N°.		0466.460.429				F-cap 5

APPROPRIATION ACCOUNT


		Codes			Period		Preceding period
Profit (Loss) to be appropriated	(+)/(-)		9906			-507.216.590,92		-369.236.866,68
Profit (Loss) of the period available for appropriation	(+)/(-)		(9905	)		-137.979.724,24		-92.737.426,37
Profit (Loss) of the preceding period brought forward	(+)/(-)		14P			-369.236.866,68		-276.499.440,31
Transfers from equity			791/2
from contributions			791
from reserves			792
Appropriations to equity			691/2
to contributions			691
to legal reserve			6920
to other reserves			6921
Profit (loss) to be carried forward	(+)/(-)		(14	)		-507.216.590,92		-369.236.866,68
Shareholders’ contribution in respect of losses			794
Profit to be distributed			694/7
Compensation for contributions			694
Directors or managers			695
Employees			696
Other beneficiaries			697

11/57


N°.		0466.460.429				F-cap 6.2.2


			Codes		Period		Preceding period
RESEARCH COSTS MADE IN A PERIOD THAT STARTED BEFORE 1 JANUARY 2016
Acquisition value at the end of the period				8055P		xxxxxxxxxxxxxxx		392.970.251,41
Movements during the period
Acquisitions, including produced fixed assets				8025
Sales and disposals				8035
Transfers from one heading to another	(+	)/(-)		8045
Acquisition value at the end of the period				8055		392.970.251,41
Amortisations and amounts written down at the end of the period				8125P		xxxxxxxxxxxxxxx		392.970.251,41
Movements during the period
Recorded				8075
Written back				8085
Acquisitions from third parties				8095
Cancelled owing to sales and disposals				8105
Transferred from one heading to another	(+	)/(-)		8115
Amortisations and amounts written down at the end of the period				8125		392.970.251,41
NET BOOK VALUE AT THE END OF THE PERIOD				81312		0,00


					Codes		Period
RESEARCH COSTS MADE IN A PERIOD THAT STARTED AFTER 31 DECEMBER 2015
Acquisition value at the end of the period						8056		2.211.375.028,18
Amortisations and amounts written down at the end of the period						8126		2.211.375.028,18
NET BOOK VALUE AT THE END OF THE PERIOD						81313		0,00

12/57


N°.		0466.460.429				F-cap 6.2.3


			Codes		Period	Preceding period
CONCESSIONS, PATENTS LICENSES, KNOW-HOW, BRANDS AND SIMILAR RIGHTS
Acquisition value at the end of the period				8052P	xxxxxxxxxxxxxxx		930.540.095,44
Movements during the period
Acquisitions, including produced fixed assets				8022	359.619.814,09
Sales and disposals				8032	36.852.270,40
Transfers from one heading to another	(+	)/(-)		8042
Acquisition value at the end of the period				8052	1.253.307.639,13
Amortisations and amounts written down at the end of the period				8122P	xxxxxxxxxxxxxxx		882.250.511,41
Movements during the period
Recorded				8072	353.623.889,76
Written back				8082
Acquisitions from third parties				8092
Cancelled owing to sales and disposals				8102	732.130,96
Transfers from one heading to another	(+	)/(-)		8112
Amortisations and amounts written down at the end of the period				8122	1.235.142.270,21
NET BOOK VALUE AT THE END OF THE PERIOD				211	18.165.368,92

13/57


N°.		0466.460.429				F-cap 6.2.5

Codes

Period

Preceding period

ADVANCE PAYMENTS

Acquisition value at the end of the period

8054P

xxxxxxxxxxxxxxx

0,00

Movements during the period

Acquisitions, including produced fixed assets

8024

Sales and disposals

8034

Transfers from one heading to another

)/(-)

8044

Acquisition value at the end of the period

8054

0,00

Amortisations and amounts written down at the end of the period

8124P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8074

Written back

8084

Acquisitions from third parties

8094

Cancelled owing to sales and disposals

8104

Transferred from one heading to another

)/(-)

8114

Amortisations and amounts written down at the end of the period

8124

NET BOOK VALUE AT THE END OF THE PERIOD

213

0,00

14/57


N°.		0466.460.429				F-cap 6.3.1

STATEMENT OF TANGIBLE FIXED ASSETS


			Codes			Period	Preceding period
LAND AND BUILDINGS
Acquisition value at the end of the period				8191P		xxxxxxxxxxxxxxx		5.408.825,29
Movements during the period
Acquisitions, including produced fixed assets				8161		459.256,62
Sales and disposals				8171		461.523,83
Transfers from one heading to another	(+	)/(-)		8181
Acquisition value at the end of the period				8191		5.406.558,08
Revaluation surpluses at the end of the period				8251P		xxxxxxxxxxxxxxx
Movements during the period
Recorded				8211
Acquisitions from third parties				8221
Cancelled				8231
Transferred from one heading to another	(+	)/(-)		8241
Revaluation surpluses at the end of the period				8251
Amortisations and amounts written down at the end of the period				8321P		xxxxxxxxxxxxxxx		2.766.573,38
Movements during the period
Recorded				8271		1.039.300,55
Written back				8281
Acquisitions from third parties				8291
Cancelled owing to sales and disposals				8301		195.179,48
Transferred from one heading to another	(+	)/(-)		8311
Amortisations and amounts written down at the end of the period				8321		3.610.694,45
NET BOOK VALUE AT THE END OF THE PERIOD				(22	)	1.795.863,63

15/57


N°.		0466.460.429				F-cap 6.3.2


			Codes			Period		Preceding period
PLANT, MACHINERY AND EQUIPMENT
Acquisition value at the end of the period				8192P			xxxxxxxxxxxxxxx		20.999.579,68
Movements during the period
Acquisitions, including produced fixed assets				8162			6.031.645,04
Sales and disposals				8172			28.328,57
Transfers from one heading to another	(+	)/(-)		8182
Acquisition value at the end of the period				8192			27.002.896,15
Revaluation surpluses at the end of the period				8252P			xxxxxxxxxxxxxxx
Movements during the period
Recorded				8212
Acquisitions from third parties				8222
Cancelled				8232
Transferred from one heading to another	(+	)/(-)		8242
Revaluation surpluses at the end of the period				8252
Amortisations and amounts written down at the end of the period				8322P			xxxxxxxxxxxxxxx		11.470.723,61
Movements during the period
Recorded				8272			2.015.641,25
Written back				8282
Acquisitions from third parties				8292
Cancelled owing to sales and disposals				8302			7.705,21
Transferred from one heading to another	(+	)/(-)		8312
Amortisations and amounts written down at the end of the period				8322			13.478.659,65
NET BOOK VALUE AT THE END OF THE PERIOD				(23	)		13.524.236,50

16/57


N°.		0466.460.429				F-cap 6.3.3


			Codes			Period		Preceding period
FURNITURE AND VEHICLES
Acquisition value at the end of the period				8193P			xxxxxxxxxxxxxxx		3.458.047,35
Movements during the period
Acquisitions, including produced fixed assets				8163			408.079,70
Sales and disposals				8173			408.681,81
Transfers from one heading to another	(+	)/(-)		8183
Acquisition value at the end of the period				8193			3.457.445,24
Revaluation surpluses at the end of the period				8253P			xxxxxxxxxxxxxxx
Movements during the period
Recorded				8213
Acquisitions from third parties				8223
Cancelled				8233
Transfers from one heading to another	(+	)/(-)		8243
Revaluation surpluses at the end of the period				8253
Amortisations and amounts written down at the end of the period				8323P			xxxxxxxxxxxxxxx		1.401.687,15
Movements during the period
Recorded				8273			689.192,40
Written back				8283
Acquisitions from third parties				8293
Cancelled owing to sales and disposals				8303			395.319,64
Transfers from one heading to another	(+	)/(-)		8313
Amortisations and amounts written down at the end of the period				8323			1.695.559,91
NET BOOK VALUE AT THE END OF THE PERIOD				(24	)		1.761.885,33

17/57


N°.		0466.460.429				F-cap 6.3.4

Codes

Period

Preceding period

LEASING AND OTHER SIMILAR RIGHTS

Acquisition value at the end of the period

8194P

xxxxxxxxxxxxxxx

251.108,19

Movements during the period

Acquisitions, including produced fixed assets

8164

Sales and disposals

8174

251.108,19

Transfers from one heading to another

)/(-)

8184

Acquisition value at the end of the period

8194

0,00

Revaluation surpluses at the end of the period

8254P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8214

Acquisitions from third parties

8224

Cancelled

8234

Transfers from one heading to another

)/(-)

8244

Revaluation surpluses at the end of the period

8254

Amortisations and amounts written down at the end of the period

8324P

xxxxxxxxxxxxxxx

251.108,19

Movements during the period

Recorded

8274

Written back

8284

Acquisitions from third parties

8294

Cancelled owing to sales and disposals

8304

251.108,19

Transferred from one heading to another

)/(-)

8314

Amortisations and amounts written down at the end of the period

8324

0,00

NET BOOK VALUE AT THE END OF THE PERIOD

(25

)

0,00

Of which

Land and buildings

250

Plant, machinery and equipment

251

Furniture and vehicles

252

18/57


N°.		0466.460.429				F-cap 6.3.5

Codes

Period

Preceding period

OTHER TANGIBLE FIXED ASSETS

Acquisition value at the end of the period

8195P

xxxxxxxxxxxxxxx

Movements during the period

Acquisitions, including produced fixed assets

8165

Sales and disposals

8175

Transfers from one heading to another

)/(-)

8185

Acquisition value at the end of the period

8195

Revaluation surpluses at the end of the period

8255P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8215

Acquisitions from third parties

8225

Cancelled

8235

Transferred from one heading to another

)/(-)

8245

Revaluation surpluses at the end of the period

8255

Amortisations and amounts written down at the end of the period

8325P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8275

Written back

8285

Acquisitions from third parties

8295

Cancelled owing to sales and disposals

8305

Transferred from one heading to another

)/(-)

8315

Amortisations and amounts written down at the end of the period

8325

NET BOOK VALUE AT THE END OF THE PERIOD

(26

)

0,00

19/57


N°.		0466.460.429				F-cap 6.3.6

Codes

Period

Preceding period

ASSETS UNDER CONSTRUCTION AND ADVANCE PAYMENTS

Acquisition value at the end of the period

8196P

xxxxxxxxxxxxxxx

1.469.897,39

Movements during the period

Acquisitions, including produced fixed assets

8166

Sales and disposals

8176

956.721,89

Transfers from one heading to another

)/(-)

8186

Acquisition value at the end of the period

8196

513.175,50

Revaluation surpluses at the end of the period

8256P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8216

Acquisitions from third parties

8226

Cancelled

8236

Transferred from one heading to another

)/(-)

8246

Revaluation surpluses at the end of the period

8256

Amortisations and amounts written down at the end of the period

8326P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8276

Written back

8286

Acquisitions from third parties

8296

Cancelled owing to sales and disposals

8306

Transferred from one heading to another

)/(-)

8316

Amortisations and amounts written down at the end of the period

8326

NET BOOK VALUE AT THE END OF THE PERIOD

(27

)

513.175,50

20/57


N°.		0466.460.429				F-cap 6.4.1

STATEMENT OF FINANCIAL FIXED ASSETS

Codes

Period

Preceding period

AFFILIATED COMPANIES - PARTICIPATING INTERESTS AND SHARES

Acquisition value at the end of the period

8391P

xxxxxxxxxxxxxxx

55.951.485,95

Movements during the period

Acquisitions

8361

112.749.749,00

Sales and disposals

8371

0,00

Transfers from one heading to another

(+)/(-)

8381

Acquisition value at the end of the period

8391

168.701.234,95

Revaluation surpluses at the end of the period

8451P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8411

Acquisitions from third parties

8421

Cancelled

8431

Transferred from one heading to another

(+)/(-)

8441

Revaluation surpluses at the end of the period

8451

Amounts written down at the end of the period

8521P

xxxxxxxxxxxxxxx

14.058.677,00

Movements during the period

Recorded

8471

Written back

8481

Acquisitions from third parties

8491

Cancelled owing to sales and disposals

8501

Transferred from one heading to another

(+)/(-)

8511

Amounts written down at the end of the period

8521

14.058.677,00

Uncalled amounts at the end of the period

8551P

xxxxxxxxxxxxxxx

Movements during the period

(+)/(-)

8541

Uncalled amounts at the end of the period

8551

NET BOOK VALUE AT THE END OF THE PERIOD

(280

)

154.642.557,95

AFFILIATED COMPANIES - AMOUNTS RECEIVABLE

NET BOOK VALUE AT THE END OF THE PERIOD

281P

xxxxxxxxxxxxxxx

Movements during the period

Appropriations

8581

93.208.840,65

Repayments

8591

Amounts written down

8601

Amounts written back

8611

Exchange differences

(+)/(-)

8621

Other movements

(+)/(-)

8631

NET BOOK VALUE AT THE END OF THE PERIOD

(281

)

93.208.840,65

ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS

RECEIVABLE AT END OF THE PERIOD

8651

21/57


N°.		0466.460.429				F-cap 6.4.2

Codes

Period

Preceding period

COMPANIES LINKED BY PARTICIPATING INTERESTS - PARTICIPATING INTERESTS AND SHARES

Acquisition value at the end of the period

8392P

xxxxxxxxxxxxxxx

1,00

Movements during the period

Acquisitions

8362

Sales and disposals

8372

Transfers from one heading to another

(+)/(-)

8382

Acquisition value at the end of the period

8392

1,00

Revaluation surpluses at the end of the period

8452P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8412

Acquisitions from third parties

8422

Cancelled

8432

Transferred from one heading to another

(+)/(-)

8442

Revaluation surpluses at the end of the period

8452

Amounts written down at the end of the period

8522P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8472

Written back

8482

Acquisitions from third parties

8492

Cancelled owing to sales and disposals

8502

Transferred from one heading to another

(+)/(-)

8512

Amounts written down at the end of the period

8522

Uncalled amounts at the end of the period

8552P

xxxxxxxxxxxxxxx

Movements during the period

(+)/(-)

8542

Uncalled amounts at the end of the period

8552

NET BOOK VALUE AT THE END OF THE PERIOD

(282

)

1,00

COMPANIES LINKED BY PARTICIPATING INTERESTS - AMOUNTS RECEIVABLE

NET BOOK VALUE AT THE END OF THE PERIOD

283P

xxxxxxxxxxxxxxx

Movements during the period

Appropriations

8582

Repayments

8592

Amounts written down

8602

Amounts written back

8612

Exchange differences

(+)/(-)

8622

Other movements

(+)/(-)

8632

NET BOOK VALUE AT THE END OF THE PERIOD

(283

)

ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS RECEIVABLE AT END OF THE PERIOD

8652

22/57


N°.		0466.460.429				F-cap 6.4.3

Codes

Period

Preceding period

OTHER COMPANIES - PARTICIPATING INTERESTS AND SHARES

Acquisition value at the end of the period

8393P

xxxxxxxxxxxxxxx

2.670.464,66

Movements during the period

Acquisitions

8363

Sales and disposals

8373

2.670.464,66

Transfers from one heading to another

(+)/(-)

8383

Acquisition value at the end of the period

8393

0,00

Revaluation surpluses at the end of the period

8453P

xxxxxxxxxxxxxxx

Movements during the period

Recorded

8413

Acquisitions from third parties

8423

Cancelled

8433

Transferred from one heading to another

(+)/(-)

8443

Revaluation surpluses at the end of the period

8453

Amounts written down at the end of the period

8523P

xxxxxxxxxxxxxxx

2.670.464,66

Movements during the period

Recorded

8473

Written back

8483

Acquisitions from third parties

8493

Cancelled owing to sales and disposals

8503

2.670.464,66

Transferred from one heading to another

(+)/(-)

8513

Amounts written down at the end of the period

8523

0,00

Uncalled amounts at the end of the period

8553P

xxxxxxxxxxxxxxx

Movements during the period

(+)/(-)

8543

Uncalled amounts at the end of the period

8553

NET BOOK VALUE AT THE END OF THE PERIOD

(284

)

OTHER COMPANIES - AMOUNTS RECEIVABLE

NET BOOK VALUE AT THE END OF THE PERIOD

285/8P

xxxxxxxxxxxxxxx

1.424.645,44

Movements during the period

Appropriations

8583

2.500.000,00

Repayments

8593

Amounts written down

8603

Amounts written back

8613

Exchange differences

(+)/(-)

8623

Other movements

(+)/(-)

8633

141.768,40

NET BOOK VALUE AT THE END OF THE PERIOD

(285/8

)

4.066.413,84

ACCUMULATED AMOUNTS WRITTEN DOWN ON AMOUNTS

RECEIVABLE AT END OF THE PERIOD

8653

23/57


N°.		0466.460.429				F-cap 6.5.1

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.


NAME, full address of the REGISTERED OFFICE and, for an entity governed by Belgian law, the COMPANY REGISTRATION NUMBER	Rights held							Data extracted from the most recent annual accounts
	Nature	Directly				Subs- idiaries		Annual accounts as per		Cur-		Equity		Net result

		Number		%		%				rency code		(+) or (-) (in units)
Galapagos BV Foreign company Zernikedreef 16 2333 CL Leiden Netherlands 807938397B01	Registered shares								31-12-2022		EUR		2.616.058		-9.677.425
Galapagos Biotech Limited Foreign company Salisbury House, Station CB1 2LACambridgeshire United Kingdom 203017668			200		100,00		0,00		31-12-2022		GBP		11.897.352		1.618
	Registered shares	84.700.014		100,00		0,00
Galapagos SASU Foreign company Avenue Gaston Roussel 102 93230 Romainville France 27440348480	Registered shares								31-12-2022		EUR		152.358.200		16.082.808
Galapagos GmbH Foreign company Aeschenvorstadt 71 4051 Basel Switzerland CHE388581566	Registered shares		51.199		100,00		0,00		31-12-2022		CHF		6.477.494		1.773.722
Galapagos Real Estate Belgium Private limited company Generaal De Wittelaan L11 , box A3 2800 Mechelen Belgium 0714.965.620	Registered shares		200		100,00		0,00		31-12-2022		EUR		190.478		-449.845
Galapagos Biopharma Belgium BV Private limited company Generaal De Wittelaan L11 , box A3 2800 Mechelen Belgium 0727.786.248			1.120		100,00		0,00		31-12-2022		EUR		704.100		210.444
	Registered shares	500.000		100,00		0,00

24/57


N°.		0466.460.429				F-cap 6.5.1

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES


NAME, full address of the REGISTERED OFFICE and, for an entity governed by Belgian law, the COMPANY REGISTRATION NUMBER	Rights held								Data extracted from the most recent annual accounts
	Nature		Directly				Subs- idiaries		Annual accounts as per		Cur-		Equity		Net result

			Number		%		%				rency code		(+) or (-) (in units)
Galapagos Biopharma Netherlands										31-12-2022		EUR		660.687		147.996
Foreign company Zernike dreef 16 2333 CL Leiden Netherlands NL860020368B		Registered shares		500.000		100,00		0,00
Galapagos Biopharma Spain S.L.U										31-12-2022		EUR		2.471.683		-474.030
Foreign company Cuatro Torres - Paseo de la Castellana 28046 Madrid Spain ESB67445429		Registered shares		3.000		100,00		0,00
Galapagos Biopharma Italy S.r.l.
Foreign company Via Montenapoleone 29 20121 Milan Italy IT1097290096		Registered shares		50.000		100,00		0,00		31-12-2022		EUR		17.012		113.498
Galapagos Biopharma Germany										31-12-2022		EUR		1.702.095		1.218.862
Foreign company Theresienhoehe 30 80339 Munchen Germany DE326847734		Registered shares		25.000		100,00		0,00
Galapagos Real Estate Netherlands										31-12-2022		EUR		6.316.526		-4.363.772
Foreign company Zernike dreef 16 2333 CL Leiden Netherlands 860584859B01		Registered shares		10.000.000		100,00		0,00
Galapagos Biopharma Denmark ApS Foreign company Sundkrogsgade , Harbour House 21 2100 Copenhagen Denmark 42447242		Registered shares		40.000		100,00		0,00		31-12-2022		DKK		1.883.638		1.445.386

25/57


N°.		0466.460.429				F-cap 6.5.1

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES


NAME, full address of the REGISTERED OFFICE and, for an entity governed by Belgian law, the COMPANY REGISTRATION NUMBER	Rights held								Data extracted from the most recent annual accounts
	Nature		Directly				Subs- idiaries		Annual accounts as per		Cur-		Equity		Net result

			Number		%		%				rency code		(+) or (-) (in units)
Galapagos Biopharma Sweden AB
Foreign company Vasagatan 7 10123 Stockholm Sweden 559311454801		Registered shares		25.000		100,00		0,00		31-12-2022		SEK		2.738.807		2.332.521
Galapagos Biopharma Finland Oy
Foreign company Bulevardi , 6th floor 1 00100 Helsinki Finland 32201288		Registered shares		1		100,00		0,00		31-12-2022		EUR		72.004		62.181
Galapagos Biopharma Ireland Ltd										31-12-2022		EUR		28.533		24.026
Foreign company Block 3 Harcourt Centre, Harcourt Road D02A339 Dublin Ireland 3791298BH		Registered shares		1		100,00		0,00
Galapagos Biopharma Norway AS										31-12-2022		NOK		469.649		394.447
Foreign company Munkedamsveien 59B 0270 Oslo Norway 927480654		Registered shares		30.000		100,00		0,00
Galapagos Biopharma Austria Gmbh
Foreign company Schottenring 25 1010 Vienna Austria U77339907		Registered shares		1		100,00		0,00		31-12-2022		EUR		435.343		352.988
Cellpoint BV										31-12-2021		EUR		-624.005		-36.122.337
Private company with limited liability De Limes 7 2342 Oestgeest Netherlands		Registered shares		210.375		100,00		0,00

26/57


N°.		0466.460.429				F-cap 6.5.1

PARTICIPATING INTERESTS INFORMATION

PARTICIPATING INTERESTS AND OTHER RIGHTS IN OTHER COMPANIES

NAME, full address of the REGISTERED

OFFICE and, for an entity governed by

Belgian law, the COMPANY

REGISTRATION NUMBER

Rights held

Data extracted from the most recent annual accounts

Nature

Directly

Subs-
idiaries

Annual
accounts
as per

Cur-

Equity

Net
result

Number

rency
code

(+) or (-)
(in units)

27/57


N°.		0466.460.429				F-cap 6.5.2

LIST OF COMPANIES FOR WHICH THE COMPANY HAS UNLIMITED LIABILITY IN THE CAPACITY OF UNLIMITED LIABLE PARTNER OR MEMBER

The annual accounts of each company for which the company has unlimited liability, are being enclosed to and published with these annual accounts, unless the second column contains the reason why this is not the case; this mention is made by referring to the applicable code (A, B, C or D) defined below.

The annual accounts of the mentioned company:

are published by the company by filing them at the National Bank of Belgium;

are actually published by the company in a different member country of the European Union, pursuant to article 16 of directive (EU) 2017/1132;

are being inserted by complete or proportional consolidation into the consolidated annual accounts of the company, drawn up, verified and published in accordance with the stipulations of the Belgian Companies and Associations Code concerning the consolidated annual accounts;

concern a limited partnership (société simple/maatschap).


NAME, full address of the REGISTERED OFFICE, LEGAL FORM and, for an entity governed by Belgian law, the COMPANY REGISTRATION NUMBER	Potential code
Galapagos BV Foreign company Zernikedreef 16 2333 Leiden Netherlands		C
Galapagos Biopharma Netherlands B.V. Foreign company Zernike dreef 16 2333 CL Leiden Netherlands		C
Galapagos Real Estate Netherlands B.V. Foreign company Zernike dreef 16 2333 CL Leiden Netherlands		C

28/57


N°.		0466.460.429				F-cap 6.6

CURRENT INVESTMENTS AND ACCRUALS AND DEFERRED INCOME


	Codes		Period		Preceding period
CURRENT INVESTMENTS - OTHER INVESTMENTS
Shares and investments other than fixed income investments		51
Shares - Book value increased with the uncalled amount		8681
Shares - Uncalled amount		8682
Precious metals and works of art		8683
Fixed-income securities		52
Fixed income securities issued by credit institutions		8684
Term accounts with credit institutions		53		1.593.596.193,52		1.282.508.402,57
With a remaining term or notice
up to one month		8686		55.000.000,00
between one month and one year		8687		1.488.596.193,52		1.282.508.402,57
over one year		8688		50.000.000,00
Other investments not mentioned above		8689		2.042.348.420,63		2.194.808.876,98

					Period
ACCRUALS AND DEFERRED INCOME
Allocation of account 490/1 of assets if the amount is significant
Deferred charges						9.755.400,27
Accrued income						10.236.175,45
Accrued subsidies						474.545,27

29/57


N°.		0466.460.429				F-cap 6.7.1

STATEMENT OF CAPITAL AND SHAREHOLDERS’ STURCTURE


	Codes			Period		Preceding period
STATEMENT OF CAPITAL
Capital
Issued capital at the end of the period		100P			XXXXXXXXXXXXXX		354.582.005,11
Issued capital at the end of the period		(100	)		356.111.899,01

	Codes			Period		Number of shares
Modifications during the period
Warranties - March 18th 2022					2.159.600,00		95.500
Warranties - June 20th 2022					1.459.506,60		80.920
Warranties - September 27th 2022					3.076.250,00		107.000
Composition of the capital Share types
Shares without nominal value					356.111.899,01		65.835.511
Registered shares		8702			XXXXXXXXXXXXXX		5.846
Shares dematerialized		8703			XXXXXXXXXXXXXX		65.829.665

	Codes			Uncalled amount		Called up amount, unpaid
Unpaid capital
Uncalled capital		(101	)				XXXXXXXXXXXXXX
Called up capital, unpaid		8712			XXXXXXXXXXXXXX
Shareholders that still need to pay up in full

				Codes		Period
Own shares
Held by the company itself
Amount of capital held					8721
Number of shares					8722
Held by a subsidiary
Amount of capital held					8731
Number of shares					8732
Commitments to issuing shares
Owing to the exercise of conversion rights
Amount of outstanding convertible loans					8740
Amount of capital to be subscribed					8741
Corresponding maximum number of shares to be issued					8742
Owing to the exercise of subscription rights
Number of outstanding subscription rights					8745		10.810.857
Amount of capital to be subscribed					8746		58.477.176,80
Corresponding maximum number of shares to be issued					8747		10.810.857
Authorised capital not issued					8751		24.889.284,17

30/57


N°.		0466.460.429				F-cap 6.7.1


	Codes		Period
Shares issued, non-representing capital
Distribution
Number of shares		8761
Number of voting rights attached thereto		8762
Allocation by shareholder
Number of shares held by the company itself		8771
Number of shares held by its subsidiaries		8781

			Period
ADDITIONAL NOTES REGARDING CONTRIBUTIONS (INCLUDING CONTRIBUTIONS IN THE FORM OF SERVICES OR KNOW-HOW)

31/57


N°.		0466.460.429				F-cap 6.7.2

SHAREHOLDERS’ STRUCTURE OF THE COMPANY AT YEAR-END CLOSING DATE

As reflected in the notifications received by the company pursuant to article 7:225 of the Belgian Companies and Associations Code, article 14 fourth paragraph of the law of 2 May 2007 on the publication of major holdings and article 5 of the Royal Decree of 21 August 2008 on further rules for certain multilateral trading facilities.


NAME of the person(s) who hold rights of the company, together with the ADDRESS (of the registered office, in the case of a legal person) and the COMPANY REGISTRATION NUMBER, in the case of a company governed by Belgian law	Rights held
	Nature	Number of voting rights		%
	Nature	Attached to securities	Not attached to securities	%

Gilead Therapeutics A1 Unlimited Company 70 Sir John Rogerson’s Quay, Dublin 2, Ireland	Dematerialized shares	16.707.477		25,38%

Van Herk Investments B.V. Lichtenauerlaan 30, 3062 ME Rotterdam, NL	Dematerialized shares	4.635.672		7,04%

EcoR1 Capital LLC 357 Tehema Street, Suite 3, San Francisco, CA 94103, United States of America	Dematerialized shares	3.407.246		5,18%

FMR LLC The Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle County, Delaware, 19801	Dematerialized shares	3.884.633		5,93%

Total shares 65.835.511,00

32/57


N°.		0466.460.429				F-cap 6.8

PROVISIONS FOR OTHER LIABILITIES AND CHARGES


	Period
ALLOCATION OF ACCOUNT 164/5 OF LIABILITIES IF THE AMOUNT IS SIGNIFICANT
Provision for bonusses		7.772.319,83
Tax recovery mechanism		1.979.326,89

33/57


N°.		0466.460.429				F-cap 6.9

STATEMENT OF AMOUNTS PAYABLE AND ACCRUALS AND DEFERRED INCOME (LIABILITIES)


	Codes			Period
BREAKDOWN OF AMOUNTS PAYABLE WITH AN ORIGINAL TERM OF MORE THAN ONE YEAR, ACCORDING TO THEIR RESIDUAL MATURITY
Current portion of amounts payable after more than one year falling due within one year
Financial debts		8801
Subordinated loans		8811
Unsubordinated debentures		8821
Leasing and other similar obligations		8831
Credit institutions		8841
Other loans		8851
Trade debts		8861
Suppliers		8871
Bills of exchange payable		8881
Advance payments on contracts in progress		8891
Other amounts payable		8901
Total current portion of amounts payable after more than one year falling due within one year		(42	)
Amounts payable with a remaining term of more than one year, yet less than 5 years
Financial debts		8802
Subordinated loans		8812
Unsubordinated debentures		8822
Leasing and other similar obligations		8832
Credit institutions		8842
Other loans		8852
Trade debts		8862
Suppliers		8872
Bills of exchange payable		8882
Advance payments on contracts in progress		8892
Other amounts payable		8902
Total amounts payable with a remaining term of more than one year, yet less than 5 years		8912
Amounts payable with a remaining term of more than 5 years
Financial debts		8803
Subordinated loans		8813
Unsubordinated debentures		8823
Leasing and other similar obligations		8833
Credit institutions		8843
Other loans		8853
Trade debts		8863
Suppliers		8873
Bills of exchange payable		8883
Advance payments on contracts in progress		8893
Other amounts payable		8903
Amounts payable with a remaining term of more than 5 years		8913

34/57


N°.		0466.460.429				F-cap 6.9


	Codes		Period
AMOUNTS PAYABLE GUARANTEED (included in accounts 17 and 42/48 of liabilities)
Amounts payable guaranteed by the Belgian government agencies
Financial debts		8921
Subordinated loans		8931
Unsubordinated debentures		8941
Leasing and other similar obligations		8951
Credit institutions		8961
Other loans		8971
Trade debts		8981
Suppliers		8991
Bills of exchange payable		9001
Advance payments on contracts in progress		9011
Remuneration and social security		9021
Other amounts payable		9051
Total of the amounts payable guaranteed by the Belgian government agencies		9061
Amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets
Financial debts		8922
Subordinated loans		8932
Unsubordinated debentures		8942
Leasing and other similar obligations		8952
Credit institutions		8962
Other loans		8972
Trade debts		8982
Suppliers		8992
Bills of exchange payable		9002
Advance payments on contracts in progress		9012
Taxes, remuneration and social security		9022
Taxes		9032
Remuneration and social security		9042
Other amounts payable		9052
Total amounts payable guaranteed by real securities given or irrevocably promised by the company on its own assets		9062

	Codes		Period
TAXES, REMUNERATION AND SOCIAL SECURITY
Taxes (headings 450/3 and 178/9 of liabilities)
Outstanding tax debts		9072
Accruing taxes payable		9073		2.045.671,99
Estimated taxes payable		450
Remuneration and social security (headings 454/9 and 178/9 of liabilities)
Amounts due to the National Social Security Office		9076
Other amounts payable in respect of remuneration and social security		9077		23.596.477,31

35/57


N°.		0466.460.429				F-cap 6.9


	Period
ACCRUALS AND DEFERRED INCOME
Allocation of heading 492/3 of liabilities if the amount is significant
Accrued charges		658.117,53
Deferred income		1.872.434.570,78
Deferred subsidies		401.985,89
Deferred tax credit		2.320.609,28

36/57


N°.		0466.460.429				F-cap 6.10

OPERATING RESULTS


	Codes		Period		Preceding period
OPERATING INCOME
Net turnover
Allocation by categories of activity
Research & development				418.495.174,45		504.765.766,17
Allocation by geographical market
US - United States				355.933.790,09		455.996.790,43
FR - France				1.061.116,70		617.822,68
DE - Germany				0,00		73.370,17
LU - Luxemburg				0,00		201,60
BS - Bahama’s				32.218.165,73		45.945.880,60
BE - Belgium				17.377.286,89		1.314.477,90
NL - The Netherlands				497.511,84		132.995,59
ES - Spain				513.166,04		16.779,71
GB - United Kingdom				1.475.413,00		205.413,30
IE - Ireland				437.798,23		48.750,00
IT - Italy				1.246.643,07		413.284,19
AT - Austria				2.471.940,10
CH - Switserland				55.838,67
Fi - Finland				264.843,47
SE - Sweden				2.745.974,24
No - Norway				2.195.686,38
Other operating income
Operating subsidies and compensatory amounts received from public authorities		740		1.804.326,65		7.334.059,77
OPERATING CHARGES
Employees for whom the company submitted a DIMONA declaration or who are recorded in the general personnel register
Total number at the closing date		9086		442		460
Average number of employees calculated in full-time equivalents		9087		432,6		486,5
Number of actual hours worked		9088		720.120		821.185
Personnel costs
Remuneration and direct social benefits		620		59.050.615,07		51.904.175,20
Employers’ contribution for social security		621		12.402.667,84		12.065.178,06
Employers’ premiums for extra statutory insurance		622		2.558.185,67		3.157.632,49
Other personnel costs		623		3.760.651,67		3.232.932,08
Retirement and survivors’ pensions		624

37/57


N°.		0466.460.429				F-cap 6.10


			Codes		Period		Preceding period
Provisions for pensions and similar obligations
Appropriations (uses and write-backs)	(+	)/(-)		635
Depreciations
On stock and contracts in progress
Recorded				9110		1.239.142,18
Written back				9111
On trade debtors
Recorded				9112				7.918,89
Written back				9113
Provisions for liabilities and charges
Appropriations				9115		866.213,88
Uses and write-backs				9116				2.325.058,70
Other operating charges
Taxes related to operation				640		4.041.672,91		6.001.666,49
Other				641/8		98.107.447,13		114.702.066,14
Hired temporary staff and personnel placed at the company’s disposal
Total number at the closing date				9096
Average number calculated in full-time equivalents				9097		6,5		1,5
Number of actual hours worked				9098		3.238		3.181
Costs to the company				617		84.786,53		77.814,29

38/57


N°.		0466.460.429				F-cap 6.11

FINANCIAL RESULTS


	Codes		Period		Preceding period
RECURRING FINANCIAL INCOME
Other financial income
Subsidies paid by public authorities, added to the profit and loss account
Capital subsidies		9125
Interest subsidies		9126
Allocation of other financial income
Exchange differences realized		754		13.265.513,23
Other
Realized exchange gains						3.492.091,49
Other financial gains				31.623,18		2.226.830,77
Unrealized exchange gains				89.296.991,42		76.997.360,15
RECURRING FINANCIAL CHARGES
Depreciation of loan issue expenses		6501
Capitalised interests		6502		2.197.496,34
Depreciations on current assets
Recorded		6510				6.403.525,27
Written back		6511
Other financial charges
Amount of the discount borne by the company, as a result of negotiating amounts receivable		653		125,20
Provisions of a financial nature
Appropriations		6560
Uses and write-backs		6561
Allocation of other financial costs
Exchange differences realized		654		9.927.653,76
Results from the conversion of foreign currencies		655
Other
Unrealized exchange losses				37.714.314,79		6.519.022,90
Bank charges				615.691,71		680.918,94
Payment differences				1.703,25		890,73
Other financial charges				1.619.152,85		11.888,71

39/57


N°.		0466.460.429				F-cap 6.12

INCOME AND CHARGES OF EXCEPTIONAL SIZE OR FREQUENCY


		Codes			Period		Preceding period
NON-RECURRING INCOME			76			19.000,00		33.471.012,00
Non-recurring operating income			(76A	)		19.000,00
Write-back of depreciation and of amounts written off intangible and tangible fixed assets			760
Write-back of provisions for extraordinary operating liabilities and charges			7620
Capital profits on disposal of intangible and tangible fixed assets			7630			19.000,00
Other non-recurring operating income			764/8
Non-recurring financial income			(76B	)		0,00		33.471.012,00
Write-back of amounts written down financial fixed assets			761
Write-back of provisions for extraordinary financial liabilities and charges			7621
Capital profits on disposal of financial fixed assets			7631					33.471.012,00
Other non-recurring financial income			769
NON-RECURRING CHARGES			66			36.854.421,48		16.398.135,09
Non-recurring operating charges			(66A	)		36.854.421,48		4.067.993,43
Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets			660			35.566.301,65		634.646,46
Provisions for extraordinary operating liabilities and charges: appropriations (uses)	(+)/(-)		6620
Capital losses on disposal of intangible and tangible fixed assets			6630			288.119,83		3.433.346,97
Other non-recurring operating charges			664/7			1.000.000,00
Non-recurring operating charges carried to assets as restructuring costs	(-)		6690
Non-recurring financial charges			(66B	)		0,00		12.330.141,66
Amounts written off financial fixed assets			661					12.330.141,66
Provisions for extraordinary financial liabilities and charges - appropriations (uses)	(+)/(-)		6621
Capital losses on disposal of financial fixed assets			6631
Other non-recurring financial charges			668
Non-recurring financial charges carried to assets as restructuring costs	(-)		6691

40/57


N°.		0466.460.429				F-cap 6.13

TAXES


			Codes		Period
INCOME TAXES
Income taxes on the result of the period				9134		177.909,74
Income taxes paid and withholding taxes due or paid				9135		162.088,87
Excess of income tax prepayments and withholding taxes paid recorded under assets				9136		162.088,87
Estimated additional taxes				9137		177.909,74
Income taxes on the result of prior periods				9138		18.886,82
Additional income taxes due or paid				9139		18.886,82
Additional income taxes estimated or provided for				9140
Major reasons for the differences between pre-tax profit, as it results from the annual accounts, and estimated taxable profit
Non-deductible expenses						5.365.343,54
Tax credit						-17.346.703,58
Excess depreciations						-59.904.601,05
Exemption regional contributions						-1.804.326,65

					Period
Influence of non-recurring results on income taxes on the result of the period

			Codes		Period
Sources of deferred taxes
Deferred taxes representing assets				9141		1.761.738.121,76
Accumulated tax losses deductible from future taxable profits				9142		771.545.855,69
Other deferred taxes representing assets
Investment deduction						966.347,93
Deduction for innovation income						346.203.444,31
Excess depreciations						624.333.425,30
DBI						18.689.048,54
Deferred taxes representing liabilities				9144
Allocation of deferred taxes representing liabilities

	Codes		Period		Preceding period
VALUE-ADDED TAXES AND TAXES BORNE BY THIRD PARTIES
Value-added taxes charged
To the company (deductible)		9145		29.346.606,12		22.259.517,92
By the company		9146		11.975.601,66		4.652.824,78
Amounts withheld on behalf of third party by way of
Payroll withholding taxes		9147		29.561.849,07		27.024.905,18
Withholding taxes on investment income		9148

41/57


N°.		0466.460.429				F-cap 6.14

RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET


	Codes		Period
PERSONAL GUARANTEES PROVIDED OR IRREVOCABLY PROMISED BY THE COMPANY AS SECURITY FOR DEBTS AND COMMITMENTS OF THIRD PARTIES		9149		4.066.328,05

Of which
Bills of exchange in circulation endorsed by the company		9150
Bills of exchange in circulation drawn or guaranteed by the company		9151
Maximum amount for which other debts or commitments of third parties are guaranteed by the company		9153		4.066.328,05
REAL GUARANTEES
Real guarantees provided or irrevocably promised by the company on its own assets as security of debts and commitments of the company
Mortgages
Book value of the immovable properties mortgaged		91611
Amount of registration		91621
For irrevocable mortgage mandates, the amount for which the agent can take registration		91631
Pledging of goodwill
Maximum amount up to which the debt is secured and which is the subject of registration		91711
For irrevocable mandates to pledge goodwill, the amount for which the agent can take the inscription		91721
Pledging of other assets or irrevocable mandates to pledge other assets
Book value of the immovable properties mortgaged		91811
Maximum amount up to which the debt is secured		91821
Guarantees provided or irrevocably promised on future assets
Amount of assets in question		91911
Maximum amount up to which the debt is secured		91921
Vendor’s privilege
Book value of sold goods		92011
Amount of the unpaid price		92021

42/57


N°.		0466.460.429				F-cap 6.14


	Codes		Period
Real guarantees provided or irrevocably promised by the company on its own assets as security of debts and commitments of third parties
Mortgages
Book value of the immovable properties mortgaged		91612
Amount of registration		91622
For irrevocable mortgage mandates, the amount for which the agent can take registration		91632
Pledging of goodwill
Maximum amount up to which the debt is secured and which is the subject of registration		91712
For irrevocable mandates to pledge goodwill, the amount for which the agent can take the inscription		91722
Pledging of other assets or irrevocable mandates to pledge other assets
Book value of the immovable properties mortgaged		91812
Maximum amount up to which the debt is secured		91822
Guarantees provided or irrevocably promised on future assets
Amount of assets in question		91912
Maximum amount up to which the debt is secured		91922
Vendor’s privilege
Book value of sold goods		92012
Amount of the unpaid price		92022

	Codes		Period
GOODS AND VALUES, NOT REFLECTED IN THE BALANCE SHEET, HELD BY THIRD PARTIES IN THEIR OWN NAME BUT FOR THE BENEFIT AND AT THE RISK OF THE COMPANY
SUBSTANTIAL COMMITMENTS TO ACQUIRE FIXED ASSETS
Commitments to the purchase of tangible and intangible assets				418.983,98
SUBSTANTIAL COMMITMENTS TO DISPOSE OF FIXED ASSETS
FORWARD TRANSACTIONS
Goods purchased (to be received)		9213
Goods sold (to be delivered)		9214
Currencies purchased (to be received)		9215
Currencies sold (to be delivered)		9216

			Period
COMMITMENTS RELATING TO TECHNICAL GUARANTEES IN RESPECT OF SALES OR SERVICES

			Period
AMOUNT, NATURE AND FORM CONCERNING LITIGATION AND OTHER IMPORTANT COMMITMENTS

43/57


N°.		0466.460.429				F-cap 6.14

SETTLEMENT REGARDING THE COMPLEMENTARY RETIREMENT OR SURVIVORS’ PENSION FOR PERSONNEL AND BOARD MEMBERS

Brief description

Galapagos NV has a group insurance and guaranteed income insurance in favor of their personnel and directors. Galapagos NV carries all costs related to these insurances. The amount of the premium contribution was 2.838 K EUR in 2022.

Measures taken to cover the related charges


	Code		Period
PENSIONS FUNDED BY THE COMPANY ITSELF
Estimated amount of the commitments resulting from past services		9220
Methods of estimation
Galapagos NV has a group insurance and guaranteed income insurance in favor of their personnel and directors. Galapagos NV carries all costs related to these insurances. The amount of the premium contribution was 2.838 K EUR in 2022.

			Period
NATURE AND FINANCIAL IMPACT OF SIGNIFICANT EVENTS AFTER THE CLOSING DATE not reflected in the balance sheet or income statement

			Period
COMMITMENTS TO PURCHASE OR SALE AVAILABLE TO THE COMPANY AS ISSUER OF OPTIONS FOR SALE OR PURCHASE

			Period
NATURE, COMMERCIAL OBJECTIVE AND FINANCIAL CONSEQUENCES OF TRANSACTIONS NOT REFLECTED IN THE BALANCE SHEET
If the risks and benefits resulting from such transactions are of any meaning and if publishing such risks and benefits is necessary to appreciate the financial situation of the company

			Period
OTHER RIGHTS AND COMMITMENTS NOT REFLECTED IN THE BALANCE SHEET (including those that cannot be calculated)

44/57


N°.		0466.460.429				F-cap 6.15

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS


	Codes			Period		Preceding period
AFFILIATED COMPANIES
Financial fixed assets		(280/1	)		247.851.398,60		41.892.808,95
Participating interests		(280	)		154.642.557,95		41.892.808,95
Subordinated amounts receivable		9271			93.208.840,65
Other amounts receivable		9281
Amounts receivable		9291			64.503.785,72		97.835.332,02
Over one year		9301
Within one year		9311			64.503.785,72		97.835.332,02
Current investments		9321
Shares		9331
Amounts receivable		9341
Amounts payable		9351			230.595.113,48		170.851.849,85
Over one year		9361
Within one year		9371			230.595.113,48		170.851.849,85
Personal and real guarantees
Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies		9381			1.950.736,87		62.085.180,81
Provided or irrevocably promised by affiliated companies as security for debts or commitments of the company		9391
Other significant financial commitments		9401
Financial results
Income from financial fixed assets		9421			10.500.000,00		582,94
Income from current assets		9431
Other financial income		9441			3.591.036,12		161.599,65
Debt charges		9461					0,00
Other financial charges		9471
Disposal of fixed assets
Capital profits realised		9481
Capital losses realised		9491

45/57


N°.		0466.460.429				F-cap 6.15

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS


	Codes		Period		Preceding period
ASSOCIATED COMPANIES
Financial fixed assets		9253
Participating interests		9263
Subordinated amounts receivable		9273
Other amounts receivable		9283
Amounts receivable		9293
Over one year		9303
Within one year		9313
Amounts payable		9353
Over one year		9363
Within one year		9373
Personal and real guarantees
Provided or irrevocably promised by the company as security for debts or commitments of affiliated companies		9383
Provided or irrevocably promised by affiliated companies as security for debts or commitments of the company		9393
Other significant financial commitments		9403
COMPANIES LINKED BY PARTICIPATING INTERESTS
Financial fixed assets		9252		1,00		1,00
Participating interests		9262		1,00		1,00
Subordinated amounts receivable		9272
Other amounts receivable		9282
Amounts receivable		9292
Over one year		9302
Within one year		9312
Amounts payable		9352
Over one year		9362
Within one year		9372

46/57


N°.		0466.460.429				F-cap 6.15

RELATIONSHIPS WITH AFFILIATED COMPANIES, ASSOCIATED COMPANIES AND OTHER COMPANIES LINKED BY PARTICIPATING INTERESTS


		Period
TRANSACTIONS WITH AFFILIATED PARTIES BEYOND NORMAL MARKET CONDITIONS
Mention of these transactions if they are significant, including the amount of the transactions, the nature of the link, and all information about the transactions that should be necessary to get a better understanding of the financial situation of the company
Due to the absence of legal criteria that allow transactions with affiliated parties beyond normal market conditions to be enumerated, no transactions were included in F-cap 6.15.

47/57


N°.		0466.460.429				F-cap 6.16

FINANCIAL RELATIONSHIPS WITH


	Codes		Period
DIRECTORS AND MANAGERS, INDIVIDUALS OR LEGAL PERSONS WHO CONTROL THE COMPANY DIRECTLY OR INDIRECTLY WITHOUT BEING ASSOCIATED THEREWITH, OR OTHER COMPANIES CONTROLLED DIRECTLY OR INDIRECTLY BY THESE PERSONS
Amounts receivable from these persons		9500
Principal conditions regarding amounts receivable, rate of interest, duration, any amounts repaid, cancelled or written off
Guarantees provided in their favour		9501
Other significant commitments undertaken in their favour		9502
Amount of direct and indirect remunerations and pensions, reflected in the income statement, as long as this disclosure does not concern exclusively or mainly, the situation of a single identifiable person
To directors and managers		9503		13.845.009,67
To former directors and former managers		9504

	Codes		Period
THE AUDITOR(S) AND THE PERSONS WHOM HE (THEY) IS (ARE) COLLABORATING WITH
Auditors’ fees		9505		1.058.188,04
Fees for exceptional services or special assignments executed within the company by the auditor
Other audit assignments		95061		26.884,74
Tax consultancy assignments		95062
Other assignments beyond the audit		95063		429.471,89
Fees for exceptional services or special assignments executed within the company by people the auditor(s) is (are collaborating with
Other audit assignments		95081
Tax consultancy assignments		95082
Other assignments beyond the audit		95083

Mentions related to article 3:64, § 2 and § 4 of the Belgian Companies and Associations Code

48/57


N°.		0466.460.429				F-cap 6.18.1

DECLARATION WITH REGARD TO THE CONSOLIDATED ANNUAL ACCOUNTS

INFORMATION TO DISCLOSE BY EACH COMPANY GOVERNED BY THE BELGIAN COMPANIES AND ASSOCIATIONS CODE ON THE CONSOLIDATED ANNUAL ACCOUNTS

The company has prepared and published consolidated annual accounts and a consolidated annual report*

Name, full address of the registered office and, if it concerns companies under Belgian law, the company registration number of the parent company(ies) and the indication if this (these) parent company(ies) prepares (prepare) and publishes (publish) consolidated annual accounts, in which the annual accounts are included by means of consolidation**:

If the parent company(ies) is (are) (a) company(ies) governed by foreign law, the location where the abovementioned annual accounts are available**:

*	Strike out what does not apply.

**	Where the annual accounts of the company are consolidated at different levels, the information should be given, on the one hand at the highest and on the other at the lowest level of companies of which the company is a subsidiary and for which consolidated accounts are prepared and published.

49/57


N°.		0466.460.429				F-cap 6.18.2

FINANCIAL RELATIONSHIPS OF THE GROUP THE COMPANY IS IN CHARGE OF IN BELGIUM WITH THE AUDITOR(S) AND THE PERSONS WITH WHOM HE (THEY) IS (ARE) LINKED


	Codes		Period
Mentions related to article 3:65, § 4 and § 5 of the Belgian Companies and Associations Code
Fees to auditors according to the mandate at the group level led by the company publishing the information		9507		1.127.098,04
Fees for exceptional services or special missions executed by the auditor(s) at this group
Other audit assignments		95071		26.884,74
Tax consultancy assignments		95072
Other assignments beyond the audit		95073
Fees to people auditors are linked to according to the mandate at the group level led by the company publishing the information		9509
Fees for exceptional services or special assignments executed at this group by people the auditor(s) is (are) linked to
Other audit assignments		95091
Tax consultancy assignments		95092
Other assignments beyond the audit		95093		429.471,89

Mentions related to article 3:64, § 2 and § 4 of the Belgian Companies and Associations Code

50/57


N°.		0466.460.429				F-cap 6.19

VALUATION RULES

The valuation rules were prepared in accordance with the provisions of Chapter II of the Royal Decree of January 30, 2001 related to corporate financial statements and are valid for evaluating all assets, receivables, payables and obligations of the company.

Any changes will be submitted in advance to the Board of Directors for approval.

The current rules have been established and the evaluation rules are being carried in view of the continuation of the company.

Summary of Valuation Rules:

1. Fixed assets

(a) Intangible assets

The company invests in research and development projects. Research and development expenses are, as of fiscal year 2010, recorded on the assets only to the extent that their cost does not exceed a prudent estimate of their value in use or their future return for the company and amortized over a 3-year period through fiscal year 2015. As from fiscal year 2016 research and development costs that do not qualify as part of a development phase are recorded on the assets and fully amortized in the same fiscal year (according to CBN Opinions 2016/16 and 2016/27).

Research and development in progress acquired through licensing agreements, business combinations, collaboration agreements or separate acquisitions are recognized as intangible assets if they are separately identifiable, controlled by us and can generate economic benefit. Since there is a consideration that for separately acquired research and development assets the probability criterion is met, upfront and success payments to third parties for products or drug candidates for which approval has not yet been received have been recognized as intangible assets. We consider these intangible fixed assets not yet available for use until the underlying asset is approved and commercially launched.

As from approval for commercialization of the underlying asset, depreciation is recorded and the asset will be depreciated over its useful life.

Licenses, patents and know-how are amortized on a straight-line basis over the useful life (usually between 5 and 20 years). Other intangible assets, including acquired intellectual property, are recorded at acquisition cost. These assets are depreciated on a straight-line basis over their estimated useful lives as soon as they are ready for their intended use. They are included in the assets to the extent that their net book value does not exceed a prudent estimate of their value in use or their future returns for the company.

(b) Tangible fixed assets

Property, plant and equipment are recorded at cost. Depreciation is on a straight-line basis, taking into account the economic life of the assets.

•

Lab material: 5-10 years

•

IT hardware and software: 3-5 years

•

Furniture and rolling stock: 5-10 years

3. Trade receivables

Trade receivables are recorded at face value. Foreign currency receivables are translated at the exchange rate valid at the balance sheet date. Exchange differences are recognized in the income statement.

When collection becomes doubtful, a provision is made for doubtful debtors.

4. Stocks

Raw materials, auxiliary materials and trade goods are valued at acquisition cost.

Work in progress and finished goods are valued at cost.

Cost includes, in addition to direct production and material costs, a proportionate share of depreciation and amortization of assets that were used in the production process used.

Inventories are valued using the FIFO method. If the acquisition cost or cost exceeds the net realizable value, valuation at the lower net realizable value is applied. Net realizable value is equal to the estimated normal sales price, less estimated completion costs and estimated costs required to make the sale.

5. Cash investments and liquid assets

Deposits with financial institutions are valued at nominal value. Securities are valued at acquisition cost.

Additional costs are immediately charged to earnings. Write-downs are recorded if the realization value at the balance sheet date is less than the amount previously recorded.

Foreign currency balances are translated at the exchange rate valid at the balance sheet date. Exchange differences are recorded in the income statement.

6. Provisions for other risks and costs.

This included this year’s provisions for restricted stock units following the 2018/16 CBN opinion and this reasoning was upheld for the deferred management bonus.

7. Revenue

Revenue to date consists primarily of success payments, license fees, and prepayments obtained from collaboration agreements. The Company also generates revenues from various research and development incentives and grants.

Cooperation agreements with the Company’s commercial partners for activities related to research and development generally include non-refundable prepayments received; success payments, whose receipt depends on the achievement of certain clinical, regulatory or commercial milestones; license fees and royalties on selling.

In case of revenue recognition staggered over time, the unrecognized portion is recorded as revenue carried forward.

51/57


N°.		0466.460.429				F-cap 6.19

VALUATION RULES

The revenue recognition policy can be summarized as follows:

(a) Prepayments received

Non-refundable prepayments received in connection with cooperative research agreements and development are spread and recognized over the relevant and desired period of the company’s performance commitment. Payments and company involvement are contractually defined by phase. At the outset, Management makes a estimate of the duration of the company’s involvement, as well as the costs related to the project. Prepayments are recognized over the expected period of engagement, either on a straight-line basis or based on costs incurred in the framework of the project if these costs can be reliably estimated. Periodically, the Company reviews the estimated time and cost for the project and adjusts the period over which revenue is spread.

(b) Success payments

A success payment is included in the transaction price only when there is a substantial likelihood that a material reversal of cumulative recognized revenue will not occur.

Success payments that are not irrevocable, substantial or proportionate, are recognized as revenue to be carried forward. Revenue from these activities can vary greatly from period to period due to the timing of the success payment.

Revenues arising from licenses limited in time are spread over the period covered by the license, which increases the obligation of the license reflects over that term, to update the content and ensure continuous updating.

Proceeds from perpetual licenses are recognized immediately upon sale to the extent that there are no further obligations.

(d) Royalty agreements

Royalty income is recognized when the Company can estimate the amount with reasonable certainty and a reasonable assurance of collectability exists. As a result, the company is generally going to recognize royalties in the period that the licensee reported the royalties to the company through royalty reports, i.e., the royalty income is normally recognized only retrospectively, after the period in which sales by the licensee have occurred. Under this accounting rule, revenues arising from royalties included in the reporting of the company are not based on an estimate by the company but are typically reported in the same period as the obtained payment from the licensee.

(e) Grants and R&D support measures.

Because the company participates extensively in research and development activities, the company also benefits from multiple subsidies and R&D support measures from certain government agencies. These subsidies and R&D support measures are generally used to partially reimburse approved research and development costs. They are therefore credited to the earnings, under other income (excluding tax credit for research and development costs), when the relevant expenditures have been made and reasonable certainty exists about the subsidies (to be) received and R&D support measures.

8. Continuity

To date, we have incurred significant operating losses, which is reflected in the balance sheet. However, we believe that our existing short-term financial investments, cash and cash equivalents at December 31, 2022 will enable us to fund our operating costs and capital expenditures for at least the next 12 months. The Board of Directors is also of the opinion that additional funding—if needed—can be obtained. Taking this into account, as well as the potential developments in our drug discovery and development activities, the Board of Directors believes that they can present the financial statements on a going concern basis. Although our short-term financial investments, cash and cash equivalents are sufficiently high for at least the next 12 months, the Board of Directors points out that if R&D activities go well, we will could seek additional funding to support the ongoing development of our products or to support other business opportunities.

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N°.		0466.460.429				F-cap 6.20

OTHER INFORMATION TO DISCLOSE

A comfort letter was provided to Galapagos Real Estate Belgium B.V.

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N°.		0466.460.429				F-cap 10

SOCIAL BALANCE SHEET


Numbers of the joint industrial committees competent for the company:		207

STATEMENT OF THE PERSONS EMPLOYED

EMPLOYEES FOR WHOM THE COMPANY SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER


During the period	Codes		Total		1. Men		2. Women
Average number of employees
Full-time		1001		372,9		165,2		207,7
Part-time		1002		73,3		14,5		58,8
Total in full-time equivalents (FTE)		1003		432,6		176,6		256,0
Number of actual hours worked
Full-time		1011		620.760		278.424		342.336
Part-time		1012		99.360		19.142		80.218
Total		1013		720.120		297.566		422.554
Personnel costs
Full-time		1021		68.009.426,21		34.535.868,72		33.473.557,49
Part-time		1022		9.762.694,04		2.186.004,77		7.576.689,27
Total		1023		77.772.120,25		36.721.873,49		41.050.246,76
Benefits in addition to wages		1033		567.933,27		232.741,71		335.191,56

During the preceding period	Codes		P. Total		1P. Men		2P. Women
Average number of employees in FTE		1003		486,5		200,9		285,6
Number of actual hours worked		1013		821.185		346.335		474.850
Personnel costs		1023		70.359.917,83		29.055.102,76		41.304.815,07
Benefits in addition to wages		1033		644.893,29		270.276,12		374.617,17

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N°.		0466.460.429				F-cap 10

EMPLOYEES FOR WHOM THE COMPANY SUBMITTED A DIMONA DECLARATION OR WHO ARE RECORDED IN THE GENERAL PERSONNEL REGISTER (continuation)


At the closing date of the period	Codes		1. Full-time		2. Part-time		3. Total in full-time equivalents
Number of employees		105		367		75		428,1
By nature of the employment contract
Contract for an indefinite period		110		367		75		428,1
Contract for a definite period		111
Contract for the execution of a specifically assigned work		112
Replacement contract		113
According to gender and study level
Men		120		162		15		173,8
primary education		1200		27				27,0
secondary education		1201		9		1		9,8
higher non-university education		1202		21		5		24,8
university education		1203		105		9		112,2
Women		121		205		60		254,3
primary education		1210		19		3		21,4
secondary education		1211		5		2		6,3
higher non-university education		1212		46		16		58,8
university education		1213		135		39		167,8
By professional category
Management staff		130
Salaried employees		134		367		75		428,1
Hourly employees		132
Other		133

HIRED TEMPORARY STAFF AND PERSONNEL PLACED AT THE DISPOSAL OF THE COMPANY



During the period	Codes		1. Hired temporary staff		2. Hired temporary staff and personnel placed at the company’s disposal
Average number of persons employed		150		6,5
Number of actual hours worked		151		3.238
Costs to the company		152		84.786,53

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N°.		0466.460.429				F-cap 10

LIST OF PERSONNEL MOVEMENTS DURING THE PERIOD


	Codes		1. Full-time		2. Part-time		3. Total in full-time equivalents
ENTRIES
Number of employees for whom the company submitted a DIMONA declaration or who have been recorded in the general personnel register during the period		205		47		2		48,6
By nature of the employment contract
Contract for an indefinite period		210		47		2		48,6
Contract for a definite period		211
Contract for the execution of a specifically assigned work		212
Replacement contract		213

	Codes		1. Full-time		2. Part-time		3. Total in full-time equivalents
DEPARTURES
Number of employees whose contract-termination date has been included in the DIMONA declaration or in the general personnel register during the period		305		62		5		66,1
By nature of the employment contract
Contract for an indefinite period		310		62		5		66,1
Contract for a definite period		311
Contract for the execution of a specifically assigned work		312
Replacement contract		313
By reason of termination of contract
Retirement		340		2				2,0
Unemployment with extra allowance from enterprise		341
Dismissal		342		8		1		8,8
Other reason		343		52		4		55,3
Of which: the number of persons who continue to render services to the company at least halftime on a self-employment basis		350

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N°.		0466.460.429				F-cap 10

INFORMATION ON TRAINING PROVIDED TO EMPLOYEES DURING THE PERIOD


	Codes		Men		Codes		Women
Total of initiatives of formal professional training at the expense of the employer
Number of employees involved		5801				5811
Number of actual training hours		5802				5812
Net costs for the company		5803				5813
of which gross costs directly linked to training		58031				58131
of which contributions paid and payments to collective funds		58032				58132
of which grants and other financial advantages received (to deduct)		58033				58133
Total of initiatives of less formal or informal professional training at the expense of the employer
Number of employees involved		5821		177		5831		256
Number of actual training hours		5822		3.339		5832		6.228
Net costs for the company		5823		432.927,54		5833		964.746,92
Total of initial initiatives of professional training at the expense of the employer
Number of employees involved		5841				5851
Number of actual training hours		5842				5852
Net costs for the company		5843				5853

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