51. Trade and other payables
Trade and other payables can be broken down as follows:
| In millions of euros | 31 Dec. 2024 | 31 Dec. 2023 |
|---|---|---|
| Trade payables | 79.0 | 104.4 |
| Other taxes and social security contributions | 12.7 | 11.2 |
| Other liabilities and accruals | 120.5 | 306.8 |
| Total trade and other payables | 212.2 | 422.4 |
Tax liabilities relate to the wage tax payable and social security contributions.
Other liabilities and accruals at year-end 2024 consisted mainly of interest payable, receivable invoices and prepayments on grants. The figure for other liabilities has decreased mainly because the administrative handling (receipt and settlement) of security deposits from GTS customers (€ 195.1 million at year-end 2023), which previously went through N.V. Nederlandse Gasunie is once again, from the start of 2024, being done independently by GTS, meaning these liabilities are no longer included in N.V. Nederlandse Gasunie’s balance sheet.
Due to the current nature of the trade and other payables, the carrying amount approximates the fair value of these liabilities.