Org.nr 935 333 156 2024 → 2025 Year-over-year analysis

ADECCO NORGE AS: årsregnskap 2025 vs 2024

Shrank 6% on revenue, stronger earnings

approved 2026-05-28; registry 2026-08-05; journal 2026 687813

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ADECCO NORGE AS. Revenue 1.53bn NOK → 1.44bn NOK (-5.7%). Net result -38.60m NOK → -21.11m NOK. Equity 157.61m NOK → 158.8k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADECCO NORGE AS.

Scorecard

Revenue
1.53bn NOK 1.44bn NOK
-5.7%
Operating result
-48.75m NOK -31.32m NOK
+35.8%
Net result
-38.60m NOK -21.11m NOK
+45.3%
Equity
157.61m NOK 158.8k NOK
-99.9%
Cash
6.43m NOK 5.49m NOK
-14.7%
Total assets
786.25m NOK 629.94m NOK
-19.9%

What improved

  • ↑

    Operating result improved

    Operating result -48.75m NOK → -31.32m NOK (op. margin -3.2% → -2.2%). Calculated

  • ↑

    Net result improved

    Net result -38.60m NOK → -21.11m NOK (net margin -2.5% → -1.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.53bn NOK to 1.44bn NOK (-5.7% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 157.61m NOK → 158.8k NOK (equity ratio 20.0% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.43m NOK → 5.49m NOK (-14.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 157.61m NOK → 158.8k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 43.15m NOK → 93.58m NOK. Reported fact