ADELSTEN AS: årsregnskap 2025 vs 2024
Shrank 8% on revenue, weaker earnings
approved 2026-06-29; registry 2026-06-30; journal 2026 610859
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADELSTEN AS. Revenue 2.16m NOK → 1.98m NOK (-8.5%). Net result -130.3k NOK → -161.7k NOK. Equity 168.1k NOK → 6 460 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADELSTEN AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.16m NOK to 1.98m NOK (-8.5% YoY). Calculated
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↓
Operating result weakened
Operating result -130.5k NOK → -163.9k NOK (op. margin -6.0% → -8.3%). Calculated
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↓
Net result weakened
Net result -130.3k NOK → -161.7k NOK (net margin -6.0% → -8.2%). Calculated
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↓
Equity eroded
Book equity 168.1k NOK → 6 460 NOK. Calculated
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↓
Cash fell
Bank deposits 300.3k NOK → 224.2k NOK (-25.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.69m NOK → 1.45m NOK (-14.2% YoY). Calculated