A SUBSEA AS: årsregnskap 2025 vs 2024
Shrank 54% on revenue, stronger earnings, cash halved-plus
approved 2026-06-04; registry 2026-07-07; journal 2026 547699
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for A SUBSEA AS. Revenue 14.55m NOK → 6.65m NOK (-54.3%). Net result +292.1k NOK → +547.4k NOK. Equity 472.2k NOK → 1.02m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +383.3k NOK → +713.6k NOK (op. margin 2.6% → 10.7%). Calculated
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Net result improved
Net result +292.1k NOK → +547.4k NOK (net margin 2.0% → 8.2%). Calculated
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Equity strengthened
Book equity 472.2k NOK → 1.02m NOK (equity ratio 34.9% → 197.6%). Calculated
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Payroll decreased
Salary cost 4.09m NOK → 2.54m NOK (28% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.55m NOK to 6.65m NOK (-54.3% YoY). Calculated
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Cash fell
Bank deposits 704.3k NOK → 125.1k NOK (-82.2% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 276.7k NOK → 2.33m NOK (+743.7% YoY). Calculated