15. Property, Plant and Equipment
(thousands of €) |
Land, building and building improvements |
Installation & |
Furniture, fixtures & vehicles |
Other tangible assets |
Total |
|---|---|---|---|---|---|
Acquisition value |
|
|
|
|
|
|
|
|
|
|
|
On January 1, 2023 |
88,719 |
57,040 |
10,241 |
11,587 |
167,588 |
Additions |
6,754 |
6,472 |
268 |
3,329 |
16,823 |
Sales and disposals |
(4,403) |
(24,057) |
(1,067) |
(7,655) |
(37,182) |
Reclassifications |
95 |
272 |
124 |
(491) |
- |
Reclassifications to assets in disposal group classified as held for sale |
(739) |
|
(249) |
|
(988) |
Translation differences |
279 |
(49) |
36 |
|
266 |
On December 31, 2023 |
90,705 |
39,678 |
9,353 |
6,770 |
146,507 |
Additions |
7,292 |
9,595 |
118 |
298 |
17,303 |
Sales and disposals |
(6,554) |
(663) |
(2,460) |
|
(9,677) |
Reclassifications |
4,687 |
470 |
466 |
(5,623) |
- |
Reclassifications to assets in disposal group classified as held for sale |
(10,200) |
|
|
(915) |
(11,115) |
Translation differences |
84 |
204 |
(15) |
|
273 |
On December 31, 2024 |
86,014 |
49,284 |
7,462 |
530 |
143,291 |
|
|
|
|
|
|
Depreciation and impairment |
|
|
|
|
|
|
|
|
|
|
|
On January 1, 2023 |
7,814 |
28,510 |
4,537 |
- |
40,862 |
Depreciations |
4,603 |
4,355 |
1,290 |
|
10,248 |
Impairment |
|
|
|
7,645 |
7,645 |
Sales and disposals |
(1,194) |
(13,676) |
(827) |
(7,645) |
(23,342) |
Reclassifications to assets in disposal group classified as held for sale |
(161) |
|
(129) |
|
(290) |
Translation differences |
156 |
(11) |
19 |
|
164 |
On December 31, 2023 |
11,218 |
19,178 |
4,891 |
- |
35,287 |
Depreciations |
5,284 |
4,787 |
1,005 |
|
11,076 |
Impairment |
1,068 |
17 |
158 |
|
1,243 |
Sales and disposals |
(6,554) |
(663) |
(2,460) |
|
(9,677) |
Translation differences |
(68) |
39 |
(8) |
|
(37) |
On December 31, 2024 |
10,948 |
23,358 |
3,586 |
- |
37,892 |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
|
|
|
On December 31, 2023 |
79,487 |
20,500 |
4,463 |
6,770 |
111,220 |
On December 31, 2024 |
75,066 |
25,926 |
3,876 |
530 |
105,399 |
The sales and disposals of 2023 mainly relate to the transaction with NovAlix. We refer to note 28 “Details of the NovAlix transaction” for more information.
The other tangible assets primarily consist of assets under construction, which are not yet available for use and therefore not yet depreciated as per December 31, 2024. In 2023 we recorded an impairment of €7.6 million on the construction project in Mechelen (Belgium), following a re-assessment of the project. As we signed a share purchase agreement for this project in December 2024, we reclassified the land and other tangible assets of Galapagos Real Estate Belgium BV to assets in disposal group classified as held for sale.
(thousands of €) |
Land & building |
Installation & machinery |
Furniture, |
Total |
|---|---|---|---|---|
Acquisition value |
|
|
|
|
|
|
|
|
|
On January 1, 2023 |
34,834 |
437 |
12,505 |
47,777 |
Additions |
1,726 |
|
1,724 |
3,450 |
Sales and disposals |
(11,497) |
(186) |
(1,897) |
(13,580) |
Reclassifications to assets in disposal group classified as held for sale |
(2,091) |
|
(4,683) |
(6,774) |
Translation differences |
202 |
|
3 |
205 |
On December 31, 2023 |
23,174 |
251 |
7,652 |
31,078 |
Additions |
4,287 |
1,657 |
2,879 |
8,823 |
Sales and disposals |
(2,989) |
(250) |
(4,114) |
(7,353) |
Translation differences |
113 |
|
|
113 |
On December 31, 2024 |
24,585 |
1,658 |
6,417 |
32,661 |
|
|
|
|
|
Depreciation and impairment |
|
|
|
|
|
|
|
|
|
On January 1, 2023 |
14,424 |
352 |
5,473 |
20,250 |
Depreciations |
3,342 |
57 |
3,450 |
6,849 |
Sales and disposals |
(5,922) |
(186) |
(1,871) |
(7,979) |
Reclassifications to assets in disposal group classified as held for sale |
(699) |
|
(2,580) |
(3,279) |
Translation differences |
134 |
|
1 |
135 |
On December 31, 2023 |
11,279 |
223 |
4,473 |
15,976 |
Depreciations |
2,848 |
118 |
1,592 |
4,558 |
Sales and disposals |
(1,920) |
(250) |
(3,200) |
(5,370) |
Translation differences |
(3) |
|
|
(3) |
On December 31, 2024 |
12,204 |
91 |
2,865 |
15,161 |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
|
On December 31, 2023 |
11,895 |
28 |
3,179 |
15,101 |
On December 31, 2024 |
12,381 |
1,567 |
3,552 |
17,499 |
|
December 31 |
|
|---|---|---|
(thousands of €) |
2024 |
2023 |
Property, plant and equipment fully owned |
105,399 |
111,220 |
Right-of-use |
17,499 |
15,101 |
Total property, plant and equipment |
122,898 |
126,321 |
The sales and disposals of 2023 mainly relate to the transaction with NovAlix. We refer to note 28 “Details of the NovAlix transaction” for more information. The sales and disposals of 2024 mainly relate to the disposal of rented cars.
We refer to note 25 “Lease liabilities” for a detail of the lease liabilities related to these right-of-use assets.
There are no pledged items of property, plant and equipment. There are also no restrictions in use on any items of property, plant and equipment.