|
EUR 000 |
09/30/2024 |
09/30/2023 |
|
Trade payables |
18,556 |
12,543 |
|
Tax and social insurance contributions |
43,445 |
37,874 |
|
Other current liabilities |
2,992 |
2,005 |
|
Accruals |
13,940 |
15,425 |
|
78,933 |
67,847 |
The Group’s liquidity risk relating to trade and other payables is disclosed in Note 25.3 Liquidity risk.
Advance billings are presented under contract balances in Note 6.
Trade payables increased mainly due to an increase of expenses towards the end of the financial year which were not yet due. Other current liabilities are at a normal level. Accruals were primarily made to cover housing expenses, charges for third-party services still to be paid, and insurance premiums; the decrease of which mainly relates to third-party services. The increase in tax and social insurance contributions is related to VAT payables in line with our increase in invoicing.