2 UNDER PAR AS: årsregnskap 2025 vs 2024
Shrank 34% on revenue, returned to profit, cash halved-plus
approved 2026-02-08; registry 2026-02-11; journal 2026 307182
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 2 UNDER PAR AS. Revenue 823.0k NOK → 541.4k NOK (-34.2%). Net result -23.3k NOK → +19.6k NOK. Equity -15.4k NOK → 4 170 NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for 2 UNDER PAR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -21.7k NOK → +19.2k NOK (op. margin -2.6% → 3.6%). Calculated
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Turned profitable
Net result flipped from a loss of 23.3k NOK to a profit of 19.6k NOK. Calculated
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Equity strengthened
Book equity -15.4k NOK → 4 170 NOK (equity ratio -15.3% → 10.2%). Calculated
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Current ratio back above 1×
Current ratio 0.87× → 1.11×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 823.0k NOK to 541.4k NOK (-34.2% YoY). Calculated
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Cash fell
Bank deposits 98.6k NOK → 39.7k NOK (-59.7% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2.70m NOK → 4.30m NOK (328% → 794% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 65.4k NOK → 92.3k NOK (+41.2% YoY). Calculated
Things to notice
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·
Headcount (årsverk) changed
Reported FTEs 1 → 0.5. Reported fact