Take a look at our previous reports:

6. Segment Information

We are currently operating as a single operating segment.

Geographical information

In 2024 and 2025, our continuing operations were mainly located in Belgium, France, the Netherlands, Switzerland and the United States. The revenues from our collaboration partner Gilead represented 97% of our total net revenues from continuing operations in 2025 (87% in 2024). The main part of the remaining 3% of the net revenues in 2025 (remaining 13% in 2024) consisted of supply revenues of the Jyseleca® product to Alfasigma (Italy). The revenues in the country of domicile of Galapagos NV (Belgium) are not material.

Following table summarizes our net revenues by destination of customer:

Net revenues by destination of customer

 

Year ended December 31

(thousands of €)

2025

2024

United States of America

1,081,144

266,588

Europe

31,104

46,577

Total net revenues

1,112,248

313,165

 

 

 

minus:

 

 

United States of America

25,802

Europe

11,714

Total net revenues from discontinued operations

37,516

 

 

 

United States of America

1,081,144

240,786

Europe

31,104

34,863

Total net revenues from continuing operations

1,112,248

275,649

On December 31, 2025, we held €81.5 million (€357.8 million in 2024) of property, plant and equipment, intangible assets and goodwill distributed as follows:

Property, plant and equipment, intangible assets and goodwill

 

December 31

(thousands of €)

2025

2024

Belgium

3,887

95,686

France

5

The Netherlands

75,890

239,454

Switzerland

92

United States of America

1,734

22,533

Total

81,511

357,770

Jyseleca®
Brand name for filgotinib