99X INCREO AS: årsregnskap 2025 vs 2024
Grew 8% on revenue, stronger earnings
approved 2026-06-05; registry 2026-08-06; journal 2026 699024
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 99X INCREO AS. Revenue 44.27m NOK → 47.94m NOK (+8.3%). Net result +537.0k NOK → +1.63m NOK. Equity 2.42m NOK → 1.04m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for 99X INCREO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 44.27m NOK to 47.94m NOK (+8.3% YoY). Calculated
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Operating result improved
Operating result +770.8k NOK → +2.59m NOK (op. margin 1.7% → 5.4%). Calculated
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Net result improved
Net result +537.0k NOK → +1.63m NOK (net margin 1.2% → 3.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.42m NOK → 1.04m NOK (equity ratio 12.5% → 5.1%). Calculated
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↓
Cash fell
Bank deposits 10.59m NOK → 9.09m NOK (-14.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 175.8k NOK → 43.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 30.82m NOK → 33.69m NOK (70% → 70% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.33m NOK → 1.37m NOK (+2.8% YoY). Calculated