Org.nr 988 233 315 2024 → 2025 Year-over-year analysis

ACEL AS: årsregnskap 2025 vs 2024

Grew 31% on revenue, fresh owner capital

approved 2026-05-30; registry 2026-07-08; journal 2026 553736

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ACEL AS. Revenue 310.34m NOK → 406.64m NOK (+31.0%). Net result +26.80m NOK → +25.61m NOK. Equity 58.61m NOK → 84.23m NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; cash fell.

Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACEL AS.

Scorecard

Revenue
310.34m NOK 406.64m NOK
+31.0%
Operating result
+33.39m NOK +31.69m NOK
-5.1%
Net result
+26.80m NOK +25.61m NOK
-4.4%
Equity
58.61m NOK 84.23m NOK
+43.7%
Cash
61.36m NOK 38.60m NOK
-37.1%
Total assets
158.67m NOK 209.10m NOK
+31.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 310.34m NOK to 406.64m NOK (+31.0% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 58.61m NOK → 84.23m NOK (equity ratio 36.9% → 40.3%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.32m NOK → 4.05m NOK (+1.72m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +33.39m NOK → +31.69m NOK (op. margin 10.8% → 7.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 61.36m NOK → 38.60m NOK (-37.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.12bn NOK → 4.14bn NOK (1007% → 1019% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 2.13bn NOK → 3.20bn NOK (+50.4% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 114 → 122. Reported fact