v3.26.1
Operating costs and other operating income (Tables)
12 Months Ended
Dec. 31, 2025
Operating costs and other operating income  
Summary of research and development expenditure

Year ended December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

(Euro, in thousands)

Personnel costs

(147,197)

(87,740)

(95,788)

Subcontracting

(232,906)

(160,076)

(82,997)

Disposables and lab fees and premises costs

(10,812)

(17,629)

(18,083)

Amortization, depreciation and impairment

(42,371)

(35,378)

(22,254)

Professional fees

(7,611)

(15,949)

(9,272)

Other operating expenses

(18,524)

(18,687)

(12,900)

Total R&D expenses

(459,421)

(335,459)

(241,294)

Summary of R&D expenditure by program

Year ended December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

(Euro, in thousands)

SIKi program

(12,772)

(18,400)

(18,900)

TYK2 program on GLPG3667

(36,744)

(34,965)

(31,289)

Cell therapy programs in oncology

(295,610)

(170,998)

(82,218)

Other discovery programs

(114,295)

(111,096)

(108,887)

Total R&D expenses

(459,421)

(335,459)

(241,294)

Summary of sales and marketing expenses

Year ended December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

(Euro, in thousands)

Personnel costs

(6,601)

(6,561)

(2,997)

Amortization, depreciation and impairment

3,465

(4,475)

(113)

External outsourcing costs

(1,392)

(2,813)

(1,776)

Professional fees

(62)

(904)

(131)

Other operating expenses

(1,510)

(2,440)

(659)

Total sales and marketing expenses

(6,100)

(17,193)

(5,676)

Summary of general and administrative expenses

Year ended December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

(Euro, in thousands)

Personnel costs

(74,390)

(52,642)

(66,098)

Amortization, depreciation and impairment

(12,951)

(8,697)

(15,978)

Legal and professional fees

(29,515)

(33,960)

(23,250)

Other operating expenses

(30,477)

(21,946)

(22,963)

Total general and administrative expenses

(147,333)

(117,245)

(128,289)

Schedule of other income

Year ended December 31,

2025

2024

2023

(Euro, in thousands)

Grant income

57

2,035

6,618

R&D incentives income

27,218

27,223

32,968

Fair value adjustment contingent consideration payable

21,760

Other

4,458

11,515

7,686

Total other operating income

53,493

40,773

47,272

Schedule of R&D incentives income

Year ended December 31,

2025

2024

2023

(Euro, in thousands)

Income from innovation incentive system in France

2,056

5,881

Income from Belgian R&D incentives

13,610

16,943

16,535

Tax rebates on payroll withholding taxes of R&D personnel (Belgium & the Netherlands)

13,608

8,224

10,552

Total R&D incentives income

27,218

27,223

32,968