23. Trade and other liabilities
Notes to the consolidated financial statements
CSR report
|
31 December |
|
(thousands of €) |
2020 |
2019 |
Trade and other liabilities |
171,316 |
142,510 |
Other non-current liabilities |
8,096 |
6,989 |
Accrued charges |
1,070 |
923 |
Total trade and other liabilities |
180,482 |
150,422 |
The increase in trade and other liabilities is mainly due to higher trade liabilities on 31 December 2020, reflecting the intensification of our investments in our R&D programs, and higher personnel payables due to the increase in the number of staff.