32089135 2025-01-01 2025-12-31 32089135 2025-01-01 2025-12-31 1 32089135 2025-01-01 2025-12-31 1 32089135 2025-01-01 2025-12-31 2 32089135 2025-01-01 2025-12-31 3 32089135 2025-01-01 2025-12-31 1 32089135 2024-01-01 2024-12-31 32089135 2025-12-31 32089135 2024-12-31 32089135 2024-12-31 fsa:ContributedCapitalMember 32089135 2024-12-31 fsa:RetainedEarningsMember 32089135 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 32089135 2025-12-31 fsa:ContributedCapitalMember 32089135 2025-12-31 fsa:RetainedEarningsMember 32089135 2025-01-01 2025-12-31 fsa:ShorttermDeferredIncomeMember iso4217:DKK xbrli:pure Annual report 2026-06-16 Andrea Viezzoli The Board of Directors and the Executive Board have today considered and approved the annual report of Aarhus Geophysics 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 consider the preconditions for not auditing the financial statements for the financial year 01.01.2025 - 31.12.2025 to be complied with. We recommend the annual report for adoption at the Annual General Meeting. Aarhus Andrea Viezzoli Niels-Peter Jensen Chairman Henrik Ekkert Sabra Board member Andrea Viezzoli Board member To Management of Aarhus Geophysics ApS We have compiled the financial statements of Aarhus Geophysics ApS for the financial year 01.01.2025 - 31.12.2025 based on the Entity’s bookkeeping records and other information Management has ​provided. ​​ ​​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and a summary of significant accounting policies. ​​ ​​We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. ​​ ​​We have applied our expertise in accounting and financial reporting to assist Management in the preparation ​​and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Public Accountants Act and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. ​​These financial statements and the accuracy and completeness of the information used to compile the financial ​​statements are Management’s responsibility. ​​Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​​or completeness of the disclosures Management provided to us to compile these financial statements. ​Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​​have been prepared in accordance with the Danish Financial Statements Act. Aarhus Deloitte Statsautoriseret Revisionspartnerselskab 33963556 Kristian Bredgaard Lassen State Authorised Public Accountant mne23430 Primary activitiesThe Company’s primary activity is to develop and sell software used in analysing geophysical measurements as well as any related activities. 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. 506429 1154761 854953 1663575 -348524 -508814 2632 5612 13173 3469 -359065 -506671 111723 -111723 -470788 -394948 -470788 -394948 -470788 -394948 46000 46000 46000 46000 46000 46000 0 135344 0 111723 184474 1000 4000 18000 188474 266067 219623 728318 408097 994385 454097 1040385 61250 61250 181478 652266 242728 713516 62250 60000 0 21000 103002 199752 46117 46117 211369 326869 211369 326869 454097 1040385 61250 652266 713516 -470788 -470788 61250 181478 242728 1 Staff costs2025​DKK2024​DKKWages and salaries715,2031,355,785Pension costs139,750260,893Other social security costs046,897854,9531,663,575Average number of full-time employees12 1 2 2 Other financial expenses2025​DKK2024​DKKOther interest expenses742,510Exchange rate adjustments13,09995913,1733,469 3 Tax on profit/loss for the year2025​DKK2024​DKKChange in deferred tax111,723(111,723)111,723(111,723) 4 Deferred incomeDeferred income consists of grants received accrued over the grant period. 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. 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. Gross profit or lossGross profit or loss comprises revenue, work in progress, 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. Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns. 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. Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc . for entity staff. Other financial incomeOther financial income comprises interest income and net capital or exchange gains on transactions in foreign currencies etc. Other financial expensesOther financial expenses comprise interest expenses and net capital or exchange losses on transactions in foreign currencies 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. Other investmentsOther investments comprise unlisted equity investments measured at the lower of cost and net realisable value. 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. Cash and cash equivalentsCash comprises bank deposits. 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 2026-06-16 2026-06-16 true 2024-01-01 2024-12-31 Aarhus C 8000 2 City Tower, Værkmestergade Aarhus Risskov 8240 Regnskabsklasse B Andre erklæringer uden sikkerhed 2025-12-31 2025-01-01 114 Voldbjergvej Aarhus Geophysics ApS 32089135 33963556 2300 København S Weidekampsgade 6 Deloitte Statsautoriseret Revisionspartnerselskab