A. WAAGE BYGG AS: årsregnskap 2025 vs 2024
Shrank 94% on revenue, returned to profit
approved 2026-05-04; registry 2026-05-20; journal 2026 457049
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for A. WAAGE BYGG AS. Revenue 633.3k NOK → 41.1k NOK (-93.5%). Net result -34.0k NOK → +38.7k NOK. Equity 18.2k NOK → 56.9k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for A. WAAGE BYGG AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -30.9k NOK → +65.3k NOK (op. margin -4.9% → 158.7%). Calculated
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Turned profitable
Net result flipped from a loss of 34.0k NOK to a profit of 38.7k NOK. Calculated
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Equity strengthened
Book equity 18.2k NOK → 56.9k NOK (equity ratio 27.4% → 4.8%). Calculated
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Cash rose
Bank deposits 60.3k NOK → 216.3k NOK (+258.6% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 633.3k NOK to 41.1k NOK (-93.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.38× → 0.42× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 29.5k NOK → 1.74m NOK (5% → 4218% of revenue). Calculated
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COGS moved
COGS / varekostnad 502.0k NOK → 968.3k NOK (+92.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 0 NOK → 118.1k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 0 → 3. Reported fact