36986476 2025-01-01 2025-12-31 36986476 2025-01-01 2025-12-31 1 36986476 2025-01-01 2025-12-31 2 36986476 2025-01-01 2025-12-31 1 36986476 2025-01-01 2025-12-31 2 36986476 2025-01-01 2025-12-31 3 36986476 2025-01-01 2025-12-31 1 36986476 2025-01-01 2025-12-31 2 36986476 2024-01-01 2024-12-31 36986476 2025-12-31 36986476 2024-12-31 36986476 2024-12-31 fsa:ContributedCapitalMember 36986476 2024-12-31 fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 36986476 2024-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 36986476 2024-12-31 fsa:ReserveForDevelopmentExpenditureMember 36986476 2024-12-31 fsa:RetainedEarningsMember 36986476 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 36986476 2025-01-01 2025-12-31 fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 36986476 2025-01-01 2025-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 36986476 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 36986476 2025-01-01 2025-12-31 fsa:ReserveForDevelopmentExpenditureMember 36986476 2025-12-31 fsa:ContributedCapitalMember 36986476 2025-12-31 fsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember 36986476 2025-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 36986476 2025-12-31 fsa:ReserveForDevelopmentExpenditureMember 36986476 2025-12-31 fsa:RetainedEarningsMember 36986476 2025-01-01 2025-12-31 fsa:ShorttermDeferredIncomeMember iso4217:EUR xbrli:pure Annual report 2026-04-10 Klaus Bülow Davidsen The Board of Directors and the Executive Board have today considered and approved the annual report of Playable ApS for the financial year 01.01.2025 - 31.12.2025. The annual report is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2025and of the results of its operations for the financial year 01.01.2025 - 31.12.2025. We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. We recommend the annual report for adoption at the Annual General Meeting. Aarhus Marianne Sejr Pharsen CEO Andreas Fabricius Rasmussen director Jeppe Schytte-Hansen chairman of the board Thomas Kragh Klaus Bülow Davidsen To the shareholders of Playable ApS We have audited the financial statements of Playable ApS for the financial year01.01.2025 - ​31.12.2025, which comprise the income statement, balance sheet, statement of changes in equity and ​notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act.​​ ​​In our opinion, the financial statements give a true and fair view of the Entity’s financial position at31.12.2025and of the results of its operations for the financial year 01.01.2025 - 31.12.2025 in accordance with the Danish Financial Statements Act. We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further ​described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s report. We are independent of the Entity in accordance with the International Ethics Standards Board for ​Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical ​requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with ​these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines ​is necessary to enable the preparation of financial statements that are free from material misstatement, ​whether due to fraud or error.​​In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue ​as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going ​concern basis of accounting in preparing the financial statements unless Management either intends to liquidate ​the Entity or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are ​free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes ​our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted ​in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material ​misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, ​individually or in the aggregate, they could reasonably be expected to influence the economic decisions of ​users taken on the basis of these financial statements.​​As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, ​we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial statements, whether due to ​fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence ​that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a ​material misstatement resulting from fraud is higher than for one resulting from error, as fraud may ​involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.​Obtain an understanding of internal control relevant to the audit in order to design audit procedures ​that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the ​effectiveness of the Entity’s internal control.​Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates ​and related disclosures made by Management. ​Conclude on the appropriateness of Management’s use of the going concern basis of accounting in ​preparing the financial statements, and, based on the audit evidence obtained, whether a material ​uncertainty exists related to events or conditions that may cast significant doubt on the Entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to ​draw attention in our auditor’s report to the related disclosures in the financial statements or, if such ​disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence ​obtained up to the date of our auditor’s report. However, future events or conditions may cause the ​Entity to cease to continue as a going concern.​Evaluate the overall presentation, structure and content of the financial statements, including the disclosures ​in the notes, and whether the financial statements represent the underlying transactions and ​events in a manner that gives a true and fair view.Plan and perform the audit of the financial statements to obtain sufficient appropriate audit evidence regarding the consolidated financial information of the entities or business units as a basis for forming an opinion on the financial statements. We are responsible for the direction, supervision and review of the audit work performed. We remain solely responsible for our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope ​and timing of the audit and significant audit findings, including any significant deficiencies in internal control ​that we identify during our audit. Management is responsible for the management commentary. ​​Our opinion on the financial statements does not cover the management commentary, and we do not express ​any form of assurance conclusion thereon. ​​In connection with our audit of the financial statements, our responsibility is to read the management ​commentary and, in doing so, consider whether the management commentary is materially inconsistent with ​the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. ​​Moreover, it is our responsibility to consider whether the management commentary provides the information ​required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with ​the financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary. Aarhus Deloitte Statsautoriseret Revisionspartnerselskab Deloitte Statsautoriseret Revisionspartnerselskab 33963556 33963556 Mads Fauerskov State Authorised Public Accountant mne35428 Rasmus Volert Madsen State Authorised Public Accountant mne45822 Primary activitiesPlayable develops and commercialises a SaaS-based Marketing Gamification platform, enabling marketers globally to engage their audiences through interactive, game-based experiences. The platform supports the full marketing funnel — from awareness and lead generation to customer retention and loyalty. For further information, visit www.playable.com. Development in activities and finances2025 marked a significant milestone for Playable, as the company delivered strong financial results while simultaneously advancing its strategic ambitions and laying a solid foundation for continued growth. ​Net profit before tax increased to EUR 904k, up from EUR 622k in 2024 - an increase of 45%. Profit after tax reached EUR 2,153k compared to EUR 613k in 2024, driven in part by the recognition of a deferred tax asset (see separate section below). ​Beyond the financials, the year was characterised by strong commercial and operational progress: ​ ​● Growing market demand for gamification as a performance-driven marketing channel ​● Continued growth of the customer base through new logos, cross-sell and expansion into new markets and ​ brands ​● Attracting and retaining larger, strategic enterprise accounts ​● Playable's market position was further validated through consistent recognition on G2, one of the world's ​ leading software review platforms. Throughout 2025 and into early 2026, Playable received multiple badges ​ across categories including Leader, Enterprise Leader, Grid Leader, Best Estimated ROI and Fastest ​ Implementation - reflecting strong and consistent customer satisfaction across market segments. ​● Employee engagement scores reached an all-time high, reflecting a strong and motivated organisation ​ ​Our achieved results confirm that Playable has reached a stage of profitable, scalable global growth - and the company enters 2026 with strong momentum. ​ ​Looking ahead to 2026, management expects continued profitable growth, with profit before tax anticipated in the range of EUR 1.0m to EUR 1.7m. This expectation is supported by the Company's strong commercial momentum, growing enterprise customer base and continued platform investment. ​​Recognition of deferred tax asset ​During the year, the Company reassessed the recognition of deferred tax assets related to tax losses carried forward. Based on a thorough evaluation of the Company’s expected future taxable profits, management has recognised a portion of the previously unrecognised deferred tax asset. ​​The assessment is based on management’s current expectations regarding the Company’s future earnings capacity and reflects the Company’s improved financial outlook. The assessment is further supported by the Company’s strong financial performance throughout 2024 and 2025. Management considers the recognised deferred tax asset to be recoverable through future taxable income. ​​The Company has a tax loss carryforward of EUR 4,453k corresponding to a tax value of EUR 980k which has not been recognised in the statement of financial position.​​Capital ​As of 31 December 2025, the Company's equity stands at EUR 959k, compared to EUR (1,187)k at the end of 2024.​The equity has been fully reestablished during the year, representing a significant turnaround which reflects the Company's return to sustained profitability. Management considers the current capital base to provide a solid foundation for continued investment and growth. ​ ​Macro level effects ​The global macroeconomic environment remained challenging in 2025, with ongoing geopolitical uncertainty, inflationary pressures and volatile financial markets continuing to affect businesses across sectors. Playable has not been immune to these conditions, particularly in terms of customer budget cycles and enterprise decision-making timelines. However, the company has navigated these headwinds effectively, and management remains confident in the resilience of the business model and the long-term growth trajectory. Uncertainty relating to recognition and measurementThe measurement of the deferred tax asset is subject to inherent uncertainty, primarily relating to the reliability and timing of forecasted future taxable income. The valuation depends on management's assumptions regarding​future business performance, market conditions, and operational developments. As with all forward-looking estimates, actual results may differ from current forecasts, which could result in adjustments to the deferred tax asset in future periods as circumstances evolve. Management has applied a prudent approach in recognising the portion of tax value for which realisation is reasonably assured based on available evidence and forecasts. Research and development activitiesPlayable continued to invest in platform development throughout 2025, with several significant initiatives completed and capitalised during the year. New features were released across the platform, including updated statistics and analytics capabilities and new game formats such as "Tap to Reveal" and “Match Matrix”. A growing focus area during the year was the integration of AI and data-driven capabilities into the platform, reflected in the​development of the Concept Recommender - powered by modelling across Playable's campaign performance data - and AI-assisted translation of campaigns. The Concept Recommender was successfully launched in early 2026. Development activities are capitalised in accordance with the company's accounting policies - see note 7 for​further details. Foreign branchesThe Company operates a branch in Finland. The financial statements of the branch are recognised line by line in the annual report in accordance with applicable accounting standards. Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report. 6932732 6641325 5314655 5309470 631216 652900 986861 678955 46888 43189 59839 73194 4565 2346 185513 170991 903510 622001 -1249371 8777 2152881 613224 2152881 613224 2152881 613224 1159174 1530161 59587 63175 79236 55713 1297997 1649049 34733 31444 530 19470 35263 50914 205816 165806 72187 6595 278003 172401 1611263 1872364 2182279 2208868 1262857 0 25417 68340 5125 0 137108 74480 3612786 2351688 2880498 1819578 6493284 4171266 8104547 6043630 17564 17564 0 4801 205814 165804 965960 1236982 -230405 -2612255 958933 -1187104 402147 1030767 279124 268558 681271 1299325 268049 217284 295273 117226 201234 112058 0 9179 416459 449782 5283328 5025880 6464343 5931409 7145614 7230734 8104547 6043630 17564 4801 165804 1236982 -2612255 -1187104 0 4801 2043 0 6844 0 -19269 19269 0 0 0 -271022 271022 0 0 61322 2091559 2152881 17564 0 205814 965960 -230405 958933 1 Uncertainty relating to recognition and measurement The measurement of the deferred tax asset is subject to inherent uncertainty, primarily relating to the reliability and timing of forecasted future taxable income. The valuation depends on management's assumptions regarding ​future business performance, market conditions, and operational developments. As with all forward-looking estimates, actual results may differ from current forecasts, which could result in adjustments to the deferred tax asset in future periods as circumstances evolve. Management has applied a prudent approach in recognising the portion of tax value for which realisation is reasonably assured based on available evidence and forecasts. 2 Staff costs2025​EUR2024​EURWages and salaries4,860,0204,868,062Pension costs373,375372,460Other social security costs81,26068,9485,314,6555,309,470Average number of full-time employees5755 57 55 3 Depreciation, amortisation and impairment losses2025​EUR2024​EURAmortisation of intangible assets600,517619,486Depreciation of property, plant and equipment30,69933,414631,216652,900 4 Tax on profit/loss for the year2025​EUR2024​EURCurrent tax14,4178,777Change in deferred tax(1,263,788)0(1,249,371)8,777 5 Intangible assetsCompleted development projects​EURAcquired intangible assets​EURDevelopment projects in progress​EURCost beginning of year3,530,41071,84855,713Transfers55,7130(55,713)Additions170,229079,236Cost end of year3,756,35271,84879,236Amortisation and impairment losses beginning of year(2,000,249)(8,673)0Amortisation for the year(596,929)(3,588)0Amortisation and impairment losses end of year(2,597,178)(12,261)0Carrying amount end of year1,159,17459,58779,236 6 Development projectsCompleted development projects comprise development of new features, updated statistics and analytics capabilities, and new games including "Tap to Reveal" and "Match Matrix". A growing focus area during the year was the integration of AI and data-driven capabilities into the platform, reflected in the development of the Concept Recommender - powered by modelling across Playable's campaign performance data - and AI-assisted translation of campaigns. Recognition takes place when the future return on the development projects is expected to exceed the investment. Completed development projects are recognised at cost, and the amortisation period is 5 years. 7 Property, plant and equipmentOther fixtures and fittings, tools and equipment​EURLeasehold improvements​EURCost beginning of year109,443184,083Additions18,4790Disposals(60,911)(18,899)Cost end of year67,011165,184Depreciation and impairment losses beginning of year(77,999)(164,613)Depreciation for the year(11,759)(18,940)Reversal regarding disposals57,48018,899Depreciation and impairment losses end of year(32,278)(164,654)Carrying amount end of year34,733530 8 Financial assetsInvestments in group enterprises​EURDeposits​EURCost beginning of year26,595Additions065,592Cost end of year272,187Revaluations beginning of year165,8040Exchange rate adjustments(6,844)0Adjustments on equity(14,468)0Share of profit/loss for the year61,3220Revaluations end of year205,8140Carrying amount end of year205,81672,187Investments in subsidiariesRegistered inCorporate formEquity​interest​%LeadFamly B.VNederlandsB.V100Playable Marketing LtdUnited KingdomLtd.100 9 Deferred tax2025​EURIntangible assets(221,514)Property, plant and equipment5,567Receivables(18,408)Tax losses carried forward1,497,212Deferred tax1,262,857​Deferred tax assetsDeferred tax assets arising from tax loss carryforwards are not recognised in full in the balance sheet as at 31 December 2025. The tax loss carryforwards total EUR 11,253k, which corresponds to a tax value of EUR 2,476k. ​ ​The value of tax loss carryforwards has been applied to offset deferred tax liabilities and has been recognised as a deferred tax asset in respect of the portion expected to be utilised against forecast positive taxable income within the foreseeable future. The remaining tax value has not been recognised in the statement of financial position. 10 Non-current liabilities other than provisionsDue within 12 months ​2025​EURDue within 12 ​months ​2024​EURDue after more than 12 months​2025​EUROutstanding after 5 years​2025​EURDebt to other credit institutions268,049197,717402,1470Other payables019,567279,124279,124268,049217,284681,271279,124 11 Deferred incomeDeferred income represents income received for recognition in subsequent financial years from subscriptions. Deferred income does not represent an actual debt, but income to be recognized over the subscription period. 12 Other unrecognised commitmentsUnrecognised rental and lease commitments2025​EUR2024​EURLiabilities under rental or lease agreements until maturity in total586,922355,890 13 Assets charged and collateralA floating charge secured on unsecured claims and production plant and operating equipment has been provided as security for debt to banks and other credit institutions. The floating charge amounts to a total of EUR 1,406k. The assets concerned have a carrying amount of EUR 3,516k as of 31.12.2025.​​A payment guarantee of EUR 67k is registered in Danske Bank regarding deposit on rent. This annual report has been presented in accordance with the provisions of the Danish Financial Statements ​Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year. Consolidated financial statementsReferring to section 110 of the Danish Financial Statements Act, no consolidated financial statements have been prepared. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic ​benefits will flow to the Entity, and the value of the asset can be measured reliably. ​​Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a ​result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the ​value of the liability can be measured reliably. ​​On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial ​recognition is effected as described below for each financial statement item. ​​Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm ​or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and ​measurement. ​​Income is recognised in the income statement when earned, whereas costs are recognised by the amounts ​attributable to this financial year. Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses. ​​When recognising foreign subsidiaries and associates that are independent entities, the income statements ​are translated at average exchange rates for the months that do not significantly deviate from the rates at the transaction date. Balance sheet items are translated using the exchange rates at the balance sheet date. Goodwill​is considered belonging to the independent foreign entity and is translated using the exchange rate at the balance sheet date. Exchange differences arising out of the translation of foreign subsidiaries’ equity at the beginning of the year at the balance sheet date exchange rates and out of the translation of income statements from average rates to the exchange rates at the balance sheet date are classified directly as equity.​​​Exchange adjustments of outstanding accounts with independent foreign subsidiaries, which are considered ​part of the total investment in the subsidiary in question, are classified directly as equity.When recognising foreign subsidiaries that are integral entities, monetary assets and liabilities are translated using the exchange rates at the balance sheet date. Non-monetary assets and liabilities are translated at the exchange rate at the time of acquisition or the time of any subsequent revaluation or writedown. The items of the​income statement are translated at the average rates of the months; however, items deriving from non-monetary​assets and liabilities are translated using the historical rates applicable to the relevant non-monetary items. Gross profit or lossGross profit or loss comprises revenue, own work capitalised, other operating income and external expenses. RevenueRevenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.​​Subscriptions and licences are recognised as delivery takes place and thus deferred over the contract period. Own work capitalisedOwn work capitalised comprises staff costs and other costs incurred in the financial year and recognised in ​cost for proprietary intangible assets. Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary ​activities, including sale of administration and salary refunds. Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for ​premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of ​receivables recognised in current assets. Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc for entity staff. Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment comprise depreciation, amortisation and impairment losses for the financial year. Income from investments in group enterprisesIncome from investments in group enterprises comprises the pro rata share of the individual ​enterprises’ profit/loss after full elimination of intra-group profits or losses. Other financial incomeOther financial income comprises dividends etc received on other investments, interest income, including ​interest income on receivables from group enterprises, amortisation of financial assets. Financial expenses from group enterprisesFinancial expenses from group enterprises comprise interest expenses etc. from payables to group enterprises.Other financial expensesOther financial expenses comprise interest expenses, payables and transactions in foreign currencies, ​amortisation of financial liabilities etc. Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the ​income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity. Intellectual property rights etc.Intellectual property rights etc comprise development projects completed and in progress with related intellectual property rights and acquired intellectual property rights.Development projects on clearly defined and identifiable products and processes, for which the technical rate ​of utilisation, adequate resources and a potential future market or development opportunity in the enterprise ​can be established, and where the intention is to manufacture, market or apply the product or process in question, are recognised as intangible assets. Other development costs are recognised as costs in the income ​statement as incurred. When recognising development projects as intangible assets, an amount equalling ​the costs incurred less deferred tax is taken to equity under Reserve for development costs that is reduced ​as the development projects are amortised and written down.​​ ​​The cost of development projects comprises costs such as salaries and amortisation that are directly and ​indirectly attributable to the development projects.​​ ​​Indirect production costs in the form of indirectly attributable staff costs and amortisation of intangible ​assets and depreciation of property, plant and equipment used in the development process are recognised in cost based on time spent on each project.​​​Completed development projects are amortised on a straight-line basis using their estimated useful lives ​which are determined based on a specific assessment of each development project. If the useful life cannot ​be estimated reliably, it is fixed at 10 years. For development projects protected by intellectual property rights, the maximum period of amortisation is the remaining duration of the relevant rights. The amortisation periods used are 5 years. Intellectual property rights acquired are measured at cost less accumulated amortisation. Patents are amortised on a straight-line basis over their remaining duration, and licences are amortised over the term of the agreement.​The amortisation periods used are 20 years. ​ ​Intellectual property rights etc. are written down to the lower of recoverable amount and carrying amount. Property, plant and equipmentOther fixtures and fittings, tools and equipment and leasehold improvement are measured at cost less accumulated depreciation and impairment losses. ​​Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. ​​The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Useful life Other fixtures and fittings, tools and equipment2-3 yearsLeasehold improvements2-3 yearsFor leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed ​the contract period. ​​Estimated useful lives and residual values are reassessed annually. ​​Items of property, plant and equipment are written down to the lower of recoverable amount and carrying ​amount. Investments in group enterprisesInvestments in group enterprises are recognised and measured according to the equity method. This means that investments are measured at the pro rata share of the enterprises’ equity value.​​Upon distribution of profit or loss, net revaluation of investments in group enterprises is transferred to reserve for net revaluation according to the equity method in equity.​ ​Investments in group enterprises are written down to the lower of recoverable amount and carrying amount. ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and ​doubtful debts. Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. ​​Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at ​their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets. Tax payable or receivableCurrent tax payable or receivable is recognised in the balance sheet, stated as tax computed on this year's ​taxable income, adjusted for prepaid tax. PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at ​cost. CashCash comprises bank deposits. Operating leasesLease payments on operating leases are recognised on a straight-line basis in the income statement over the term of the lease. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value. Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income ​is measured at cost. true Grundlag for konklusion Konklusion 2026-04-10 2026-04-10 true 2024-01-01 2024-12-31 Aarhus C 8000 2 City Tower, Værkmestergade Aarhus Aarhus N 8200 Regnskabsklasse B Revisionspåtegning 2025-12-31 2025-01-01 1 Tueager Playable ApS 36986476 33963556 2300 København S Weidekampsgade 6 Deloitte Statsautoriseret Revisionspartnerselskab