123 MINILAGER AS: årsregnskap 2025 vs 2024
Grew 7% on revenue, weaker earnings, fresh owner capital
approved 2026-04-08; registry 2026-07-07; journal 2026 549407
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 123 MINILAGER AS. Revenue 24.77m NOK → 26.48m NOK (+6.9%). Net result -2.38m NOK → -4.04m NOK. Equity 13.53m NOK → 13.11m NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 123 MINILAGER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 24.77m NOK to 26.48m NOK (+6.9% YoY). Calculated
-
↑
Operating result improved
Operating result +476.8k NOK → +2.94m NOK (op. margin 1.9% → 11.1%). Calculated
-
↑
Cash rose
Bank deposits 468.0k NOK → 687.4k NOK (+46.9% YoY). Calculated
-
↑
Owners injected capital
Paid-in equity rose 13.22m NOK → 20.44m NOK (+7.21m NOK). Reported fact
What deteriorated
-
↓
Net result weakened
Net result -2.38m NOK → -4.04m NOK (net margin -9.6% → -15.2%). Calculated
-
↓
Equity eroded
Book equity 13.53m NOK → 13.11m NOK (equity ratio 10.2% → 8.8%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.15m NOK → 2.28m NOK (9% → 9% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2.69m NOK → 4.30m NOK (+59.9% YoY). Calculated