42588644 2025-01-01 2025-12-31 42588644 2025-01-01 2025-12-31 0 42588644 2025-01-01 2025-12-31 0 42588644 2025-01-01 2025-12-31 1 42588644 2025-01-01 2025-12-31 2 42588644 2024-01-01 2024-12-31 42588644 2025-12-31 42588644 2024-12-31 42588644 2025-12-31 fsa:ContributedCapitalMember 42588644 2025-12-31 fsa:RetainedEarningsMember 42588644 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 42588644 2025-01-01 2025-12-31 fsa:RetainedEarningsMember xbrli:pure iso4217:DKK 25074823 Azets Insight A/S Lyskær 3 CD 2730 Herlev Ingen bistand Årsrapport Regnskabsklasse B 2025-01-01 2025-12-31 2024-01-01 2024-12-31 true 0 Adwallet ApS Absalonsgade 44, 1. thAbsalonsgade 44, 1. th 1658 København V 42588644 4 2026-05-29 Daniel Bjergvang Opler Today, Management has considered and adopted the Annual Report of Adwallet ApS for the financial year 1 January 2025 - 31 December 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 assets, liabilities and financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January 2025 - 31 December 2025. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. The conditions for not conducting an audit of the Financial Statement have been met. We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen 2026-05-29 Daniel Bjergvang Opler Manager Daniel Bjergvang Opler Stefan Capatana Avner Solomon Chairman Member Member Adwallet ApS 1658 København V 42588644 2021-08-01 København 2025-01-01 2025-12-31 The Company's principal activitiesThe Company's principal activities consist in development, production and sale of makreting solutions. Development in activities and the financial situationThe Company's Income Statement of the financial year 1 January 2025 - 31 December 2025 shows a result of DKK 220.211 and the Balance Sheet at 31 December 2025 a balance sheet total of DKK 1.007.567 and an equity of DKK 686.149. Post financial year eventsAfter the end of the financial year, no events have occurred which may change the financial position of the entity substantially. The annual report of Adwallet ApS for 2025 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B, with the adoption of individual rules from class C. Basis of recognition and measurementThe financial statement have been prepared under the historical cost principle.Income is recognised in the income statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortized cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortization, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will accrue to the Company, and the value of the asset can be measured reliably.Liabilities are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the financial statement, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Income statement Gross profit/lossThe Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act.Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. RevenueRevenue is recognised in the income statement if the goods have been delivered and the risk has passed to the buyer before year-end and if the revenue can be reliably calculated and expected to be received. Revenue is recognised excluding VAT and all discounts granted are recognised in revenue. Other external expensesOther external expenses include expenses for distribution, sales, advertising, administration, premises, bad debts, operating leasing expenses etc. Amortisation and impairment of intangible assetsAmortization and impairment of intangible assets, property, plant and equipment has been performed based on a continuing assessment of the useful life of the assets in the Company. Non-current assets are amortized on a straight line basis, based on cost, on the basis of the following assessment of useful life and residual values:Useful lifeResidual valueGoodwill5 years0% Financial income and expensesFinancial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme.Dividends from other investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the yearTax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Intangible assetsAcquired goodwill is measured at cost on initial recognition and subsequently at cost less accumulated amortization and impairment losses. ReceivablesReceivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. EquityEquity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Deferred taxDeferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction.Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilitiesCurrent tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. PayablesPayables are measured at amortized cost, which usually corresponds to the nominal value.Contingent assets and liabilitiesContingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes. 565187 433293 4571 2000 560616 431293 0 22428 271684 93371 288932 360350 68721 99842 220211 260508 -220211 -33765 0 4571 0 4571 0 4571 525587 853670 15000 15000 0 264 3976 0 55075 50529 6308 0 605946 919463 401621 660055 1007567 1579518 1007567 1584089 40000 40000 1248949 1028736 -602800 0 686149 1068736 433 0 433 0 227553 243185 0 39352 79574 199 13858 232617 320985 515353 320985 515353 1007567 1584089 -40000 -1028738 0 0 0 -602800 0 -220211 0 -40000 -1248949 602800 1. Employee benefits expenseAverage number of employees34 2. Contingent liabilitiesNo contingent liabilities exist at the balance sheet date. 3. Collaterals and securitiesNo securities or mortgages exist at the balance sheet date.