27. 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 | 102.7 | 143.5 |
| Other taxes and social security contributions | 12.7 | 17.0 |
| Other liabilities and accruals | 417.0 | 567.8 |
| Total trade and other payables | 532.4 | 728.3 |
Other taxes and social security contributions primarily consist of social security contributions and wage tax payable.
The other liabilities and accruals consist mainly of accrued interest on loans, receivable invoices, prepayments on grants, and security deposits received. Security deposits received are securities our customers have given us to cover the credit risk. We calculate a market interest charge for the security deposits. At year-end 2024, deposits received amounted to € 166.4 million (year-end 2023: € 244.6 million). There were no debts to our joint ventures at the end of 2024 (year-end 2023: € 27.1 million).
Trade and other payables, apart from the security deposits received, bear no interest and have a term of less than one year.