ACTIVE GOLF AS: årsregnskap 2025 vs 2024
Grew 16% on revenue, stronger earnings
approved 2026-02-18; registry 2026-02-21; journal 2026 314365
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ACTIVE GOLF AS. Revenue 5.27m NOK → 6.13m NOK (+16.2%). Net result +100.1k NOK → +412.4k NOK. Equity 314.3k NOK → 126.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.27m NOK to 6.13m NOK (+16.2% YoY). Calculated
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Operating result improved
Operating result +134.3k NOK → +533.6k NOK (op. margin 2.5% → 8.7%). Calculated
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Net result improved
Net result +100.1k NOK → +412.4k NOK (net margin 1.9% → 6.7%). Calculated
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Cash rose
Bank deposits 39.0k NOK → 338.8k NOK (+767.7% YoY). Calculated
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Payroll decreased
Salary cost 1.73m NOK → 1.45m NOK (33% → 24% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 314.3k NOK → 126.7k NOK (equity ratio 61.4% → 12.7%). Calculated
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Current ratio dropped below 1×
Current ratio 25.98× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 3.11m NOK → 3.46m NOK (+11.2% YoY). Calculated