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26. Current financing liabilities

Current financing liabilities were as follows: 

In millions of euros 31 Dec. 2024 31 Dec. 2023
     
Repayment obligation non-current loans 125.0 175.0
Short-term loans 155.0 -
     
Total current financing liabilities 280.0 175.0

For a further explanation of non-current interest-bearing loans see note ‎18 ‘Interest-bearing loans’.

At the end of 2024, the current interest-bearing loans consisted of issued Euro Commercial Paper and deposit loans taken out (end of 2023: not applicable). For more information see note ‎28 ‘Financial instruments’.