Org.nr 897 757 222 2024 → 2025 Year-over-year analysis

4HUMAN HRM AS: årsregnskap 2025 vs 2024

Grew 19% on revenue, weaker earnings

approved 2026-06-10; registry 2026-07-29; journal 2026 653678

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for 4HUMAN HRM AS. Revenue 76.73m NOK → 91.44m NOK (+19.2%). Net result -2.39m NOK → -9.33m NOK. Equity 199.34m NOK → 190.01m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for 4HUMAN HRM AS.

Scorecard

Revenue
76.73m NOK 91.44m NOK
+19.2%
Operating result
-11.83m NOK -23.04m NOK
-94.7%
Net result
-2.39m NOK -9.33m NOK
-290.5%
Equity
199.34m NOK 190.01m NOK
-4.7%
Cash
1.37m NOK 6.97m NOK
+407.1%
Total assets
315.70m NOK 360.15m NOK
+14.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 76.73m NOK to 91.44m NOK (+19.2% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1.37m NOK → 6.97m NOK (+407.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -11.83m NOK → -23.04m NOK (op. margin -15.4% → -25.2%). Calculated

  • ↓

    Net result weakened

    Net result -2.39m NOK → -9.33m NOK (net margin -3.1% → -10.2%). Calculated

  • ↓

    Equity eroded

    Book equity 199.34m NOK → 190.01m NOK (equity ratio 63.1% → 52.8%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 199.34m NOK → 190.01m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 3.33m NOK → 5.67m NOK (+70.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 70.08m NOK → 66.27m NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 42 → 49. Reported fact