A. ÅRDAL AS: årsregnskap 2025 vs 2024
Grew 19% on revenue, weaker earnings, cash halved-plus
approved 2026-06-30; registry 2026-08-05; journal 2026 691392
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for A. ÅRDAL AS. Revenue 5.19m NOK → 6.19m NOK (+19.2%). Net result +4.38m NOK → +471.1k NOK. Equity 8.96m NOK → 9.43m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for A. ÅRDAL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.19m NOK to 6.19m NOK (+19.2% YoY). Calculated
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Operating result improved
Operating result +219.0k NOK → +2.59m NOK (op. margin 4.2% → 41.9%). Calculated
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Equity strengthened
Book equity 8.96m NOK → 9.43m NOK (equity ratio 20.2% → 22.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result +4.38m NOK → +471.1k NOK (net margin 84.3% → 7.6%). Calculated
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Cash fell
Bank deposits 4.21m NOK → 1.68m NOK (-60.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.15× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.21m NOK → 1.68m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 1.38m NOK → 1.48m NOK (27% → 24% of revenue). Calculated
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COGS moved
COGS / varekostnad 99 NOK → 76.5k NOK (+77189.9% YoY). Calculated