Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes

Income tax recognized in profit or loss

	Year ended December 31,
	2019		2018		2017
	(Euro, in thousands)
Current tax	€	(1,372)	€	(584)	€	(218)
Deferred tax		1,158		535		20
Income taxes	€	(214)	€	(50)	€	(198)

Tax Liabilities

	December 31,
	2019		2018		2017
	(Euro, in thousands)
Current tax payable	€	2,037	€	1,175	€	865
Total tax liabilities	€	2,037	€	1,175	€	865

Tax reconciled to the accounting result

	Year ended December 31,
	2019		2018		2017
	(Euro, in thousands)
Income/loss (-) before tax	€	150,060	€	(29,209)	€	(115,507)
Income tax debit/credit (-), calculated using the Belgian statutory tax rate on the accounting income/loss (-) before tax (theoretical)		44,388		(8,640)		(39,261)
Tax expenses/income (-) in statement of operations (effective)		214		50		198
Difference in tax expense/income to explain	€	(44,173)	€	8,690	€	39,458
Effect of tax rates in other jurisdictions	€	831	€	411	€	14
Effect of non taxable revenues		(13,079)		(11,558)		(11,277)
Effect of share based payment expenses without tax impact		10,318		7,530		5,317
Effect of expenses/income (-) not subject to tax		53,270		382		102
Effect of non tax deductible expenses		795		945		404
Effect of recognition of previously non recognized deferred tax assets		(2,286)		(1,977)		(414)
Effect of change in tax rates		—		—		181
Effect of tax losses (utilized) reversed		(136)		(150)		(763)
Effect of under or over provision in prior periods		30		—		—
Effect of non recognition of deferred tax assets		47,413		13,108		45,895
Effect of derecognition of previously recognized deferred tax assets		106		—		—
Effect of use of IID		(141,435)		—		—
Total explanations	€	(44,173)	€	8,690	€	39,458