Statutory Auditor’s Report to the Board of Directors of Galapagos NV on the review of the condensed consolidated interim financial statements for the six-month period ended 30 June 2023

Introduction

We have reviewed the accompanying condensed consolidated interim statement of financial position of Galapagos NV as of 30 June 2023 and the related interim consolidated statements of income and comprehensive income/loss (–), cash flows and changes in equity for the six-month period then ended, as well as the explanatory notes. The Board of Directors is responsible for the preparation and presentation of this consolidated interim financial statements in accordance with IAS 34 “Interim Financial Reporting”, as adopted by the European Union. Our responsibility is to express a conclusion on these consolidated interim financial statements based on our review.

Scope of review

We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of condensed consolidated interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements are not prepared, in all material respects, in accordance with IAS 34 “Interim Financial Reporting”, as adopted by the European Union.

Zaventem, 3 August 2023

BDO Bedrijfsrevisoren BV
Statutory Auditor
Represented by Ellen Lombaerts