A-M ENTREPRENØR AS: årsregnskap 2025 vs 2024
Grew 53% on revenue, stronger earnings, cash halved-plus
approved 2026-05-14; registry 2026-05-19; journal 2026 453080
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for A-M ENTREPRENØR AS. Revenue 5.77m NOK → 8.81m NOK (+52.6%). Net result +125.7k NOK → +179.6k NOK. Equity 767.4k NOK → 947.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for A-M ENTREPRENØR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.77m NOK to 8.81m NOK (+52.6% YoY). Calculated
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Operating result improved
Operating result +164.7k NOK → +230.7k NOK (op. margin 2.9% → 2.6%). Calculated
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Net result improved
Net result +125.7k NOK → +179.6k NOK (net margin 2.2% → 2.0%). Calculated
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Equity strengthened
Book equity 767.4k NOK → 947.0k NOK (equity ratio 52.9% → 30.2%). Calculated
What deteriorated
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Cash fell
Bank deposits 6.48m NOK → 522.9k NOK (-91.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.40× → 0.14× — 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 (6.48m NOK → 522.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2.21m NOK → 5.83m NOK (38% → 66% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.71m NOK → 1.09m NOK (-36.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 128.4k NOK → 22.2k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 2.5 → 7. Reported fact