4ELEMENTS AS: årsregnskap 2025 vs 2024
Shrank 33% on revenue, stronger earnings
approved 2026-05-27; registry 2026-06-01; journal 2026 504580
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 4ELEMENTS AS. Revenue 161.7k NOK → 108.5k NOK (-32.9%). Net result -89.5k NOK → -51.0k NOK. Equity -218.7k NOK → -269.7k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4ELEMENTS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -88.0k NOK → -51.2k NOK (op. margin -54.4% → -47.1%). Calculated
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Net result improved
Net result -89.5k NOK → -51.0k NOK (net margin -55.4% → -47.0%). Calculated
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Cash rose
Bank deposits 937 NOK → 53.5k NOK (+5614.1% YoY). Calculated
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Payroll decreased
Salary cost 10.7k NOK → 0 NOK (7% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 161.7k NOK to 108.5k NOK (-32.9% YoY). Calculated
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Equity eroded
Book equity -218.7k NOK → -269.7k NOK (equity ratio -82.9% → -122.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -122.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 31.9k NOK → 18.4k NOK (-42.2% YoY). Calculated