25. Current financing liabilities
Current financing liabilities were as follows:
| In millions of euros | 31 Dec. 2025 | 31 Dec. 2024 |
|---|---|---|
| Repayment obligation non-current loans | 650.0 | 125.0 |
| Short-term loans | 150.0 | 155.0 |
| Total current financing liabilities | 800.0 | 280.0 |
For a further explanation of long-term interest-bearing loans, see note 17 ‘Interest-bearing loans’.
At year-end 2025, current loans consisted of Euro Commercial Paper issued (year-end 2024: € 105.0 million and € 50.0 million in deposit loans received). For more information on this matter, see note 27 ‘Financial risk management’.