3.3 Other Liabilities
at 31 December | in CHF thousand | 2025 | 2024 | ||
|---|---|---|---|---|
Payables to social insurance companies | 3,276 | 813 | ||
Payables to pension funds | 1,422 | 343 | ||
Payables to public authorities | 8,330 | 7,198 | ||
Customer balance on platform accounts | 1,464 | 1,816 | ||
Accrued personnel related expenses | 9,290 | 8,941 | ||
Other payables | 5,175 | 394 | ||
Other accrued liabilities | 4,330 | 3,664 | ||
Total other liabilities | 33,287 | 23,169 |
In 2025, payables to social insurance companies increased due to additional social security contributions related to the PSP payout in November 2025 (refer to Note 2.2), while the increase in payables to pension funds mainly results from timing effects in the settlement of pension fund contributions at year-end. The rise in payables to public authorities primarily reflects higher VAT liabilities in 2025 driven by the application of platform taxation, under which Ricardo is required to collect and remit VAT on certain transactions on behalf of the seller.
Other payables mainly comprises mainly IPO-related costs incurred with third parties, such as banks, as well as other immaterial balances.
Other accrued liabilities primarily relates to accrued marketing costs and advertising commissions, as well as accrued third-party settlements and other outstanding invoices at the reporting date.