13 HUMLER AS: årsregnskap 2025 vs 2024
Shrank 27% on revenue, stronger earnings, fresh owner capital
approved 2026-05-21; registry 2026-05-26; journal 2026 467415
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 13 HUMLER AS. Revenue 2.96m NOK → 2.18m NOK (-26.5%). Net result -66.1k NOK → -38.3k NOK. Equity -322.8k NOK → -300.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 13 HUMLER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -46.7k NOK → -15.1k NOK (op. margin -1.6% → -0.7%). Calculated
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Net result improved
Net result -66.1k NOK → -38.3k NOK (net margin -2.2% → -1.8%). Calculated
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Equity strengthened
Book equity -322.8k NOK → -300.0k NOK (equity ratio -104.3% → -126.5%). Calculated
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Cash rose
Bank deposits 17.2k NOK → 41.6k NOK (+142.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 92.4k NOK → 153.4k NOK (+61.0k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.96m NOK to 2.18m NOK (-26.5% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.10m NOK → 2.84m NOK (37% → 131% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -126.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.36m NOK → 900.2k NOK (-33.9% YoY). Calculated