26. Trade and other payables
Trade and other payables can be broken down as follows:
| In millions of euros | 31 Dec. 2025 | 31 Dec. 2024 |
|---|---|---|
| Trade payables | 70.9 | 102.7 |
| Liabilities to joint ventures and associates | 63.7 | - |
| Other taxes and social security contributions | 14.6 | 12.7 |
| Other liabilities and accruals | 439.6 | 417.0 |
| Total trade and other payables | 588.8 | 532.4 |
Payables to joint ventures and associates in 2025 relate to capital contributions committed to Porthos entities (€ 47.5 million) and our cash pool management in respect of two German joint ventures: DEUDAN and NETRA (€ 16.2 million).
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 pay a market-based interest rate for the security deposits. At year-end 2025, deposits received amounted to € 129.7 million (year-end 2024: € 166.4 million).
Trade and other payables, apart from the security deposits received, bear no interest and have a term of less than one year.