ADAPTED AS: årsregnskap 2025 vs 2024
Shrank 18% on revenue, returned to profit, cash halved-plus
approved 2026-04-10; registry 2026-04-16; journal 2026 380152
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADAPTED AS. Revenue 156.2k NOK → 128.0k NOK (-18.1%). Net result -35.1k NOK → +4 341 NOK. Equity -102.4k NOK → -98.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAPTED AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -21.2k NOK → +4 279 NOK (op. margin -13.6% → 3.3%). Calculated
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Turned profitable
Net result flipped from a loss of 35.1k NOK to a profit of 4 341 NOK. Calculated
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Equity strengthened
Book equity -102.4k NOK → -98.1k NOK (equity ratio -35.0% → -59.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 156.2k NOK to 128.0k NOK (-18.1% YoY). Calculated
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↓
Cash fell
Bank deposits 262.8k NOK → 101.3k NOK (-61.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 25.6k NOK (0% → 20% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -59.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation