Org.nr 912 053 199 2024 → 2025 Year-over-year analysis

A35 HOLDING AS: årsregnskap 2025 vs 2024

Shrank 98% on revenue, weaker earnings, cash halved-plus

approved 2026-06-29; registry 2026-06-30; journal 2026 610335

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for A35 HOLDING AS. Revenue 649.1k NOK → 13.6k NOK (-97.9%). Net result -116.7k NOK → -1.29m NOK. Equity 3.80m NOK → 2.51m NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for A35 HOLDING AS.

Scorecard

Revenue
649.1k NOK 13.6k NOK
-97.9%
Operating result
-124.4k NOK +258.4k NOK
+307.7%
Net result
-116.7k NOK -1.29m NOK
-1005.7%
Equity
3.80m NOK 2.51m NOK
-34.0%
Cash
238.9k NOK 87.6k NOK
-63.3%
Total assets
5.17m NOK 3.57m NOK
-30.8%

What improved

  • ↑

    Operating result improved

    Operating result -124.4k NOK → +258.4k NOK (op. margin -19.2% → 1905.3%). Calculated

  • ↑

    Payroll decreased

    Salary cost 607.1k NOK → 470.9k NOK (94% → 3472% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 649.1k NOK to 13.6k NOK (-97.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result -116.7k NOK → -1.29m NOK (net margin -18.0% → -9512.2%). Calculated

  • ↓

    Equity eroded

    Book equity 3.80m NOK → 2.51m NOK (equity ratio 73.5% → 70.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 238.9k NOK → 87.6k NOK (-63.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.30× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 4.54m NOK → 2.07m NOK. Reported fact