AD NOTAM FORLAG AS: årsregnskap 2025 vs 2024
Grew 92% on revenue, returned to profit
approved 2026-06-12; registry 2026-07-27; journal 2026 644478
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AD NOTAM FORLAG AS. Revenue 174.4k NOK → 334.9k NOK (+92.1%). Net result -329.4k NOK → +147.6k NOK. Equity -1.46m NOK → -1.31m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AD NOTAM FORLAG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 174.4k NOK to 334.9k NOK (+92.1% YoY). Calculated
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Operating result improved
Operating result -327.3k NOK → +148.4k NOK (op. margin -187.7% → 44.3%). Calculated
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Turned profitable
Net result flipped from a loss of 329.4k NOK to a profit of 147.6k NOK. Calculated
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Equity strengthened
Book equity -1.46m NOK → -1.31m NOK (equity ratio -1845.5% → -6916.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 6 922 NOK → 4 886 NOK (-29.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6916.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 390.1k NOK → 86.9k NOK (-77.7% YoY). Calculated