Note 48 Current and accrued liabilities

€ million

2025

2024

Amounts owed to suppliers and trade credits

50

22

Tax and social security contributions

138

108

Liabilities in respect of pensions

9

7

Interest-bearing debts

300

1

Other liabilities and accruals

127

109

     

Total short-term liabilities

624

247

Interest-bearing debts at year-end 2025 concern the obligation to redeem the EMTN loan in 2026.