AD CONSTRUCTIONS AS: årsregnskap 2025 vs 2024
Grew 53% on revenue, slipped into loss
approved 2026-04-14; registry 2026-07-22; journal 2026 705487
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AD CONSTRUCTIONS AS. Revenue 1.00m NOK → 1.54m NOK (+52.9%). Net result +84.8k NOK → -77.1k NOK. Equity 96.1k NOK → 19.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AD CONSTRUCTIONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.00m NOK to 1.54m NOK (+52.9% YoY). Calculated
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↑
Cash rose
Bank deposits 71.8k NOK → 126.3k NOK (+75.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +117.6k NOK → -58.8k NOK (op. margin 11.7% → -3.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 84.8k NOK profit to a loss of 77.1k NOK. Calculated
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↓
Equity eroded
Book equity 96.1k NOK → 19.0k NOK (equity ratio 18.7% → 3.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.69× → 0.95× — 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 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.41m NOK → 4.95m NOK (240% → 322% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 192.1k NOK → 232.4k NOK (+21.0% YoY). Calculated