ACADEMIC WORK NORWAY AS: årsregnskap 2025 vs 2024
Shrank 6% on revenue, stronger earnings
approved 2026-03-30; registry 2026-07-16; journal 2026 590932
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ACADEMIC WORK NORWAY AS. Revenue 181.81m NOK → 170.44m NOK (-6.3%). Net result -9.63m NOK → -5.84m NOK. Equity 7.38m NOK → 1.54m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACADEMIC WORK NORWAY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -10.89m NOK → -6.76m NOK (op. margin -6.0% → -4.0%). Calculated
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Net result improved
Net result -9.63m NOK → -5.84m NOK (net margin -5.3% → -3.4%). Calculated
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Payroll decreased
Salary cost 3.11bn NOK → 3 NOK (1709% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 181.81m NOK to 170.44m NOK (-6.3% YoY). Calculated
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Equity eroded
Book equity 7.38m NOK → 1.54m NOK (equity ratio 16.8% → 3.1%). Calculated
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Cash fell
Bank deposits 6.08m NOK → 3.13m NOK (-48.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.07× → 0.88× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 339.7k NOK → 28.3k NOK. Reported fact