ADFUNC AS: årsregnskap 2025 vs 2024
Grew 291% on revenue, stronger earnings
approved 2026-01-03; registry 2026-02-10; journal 2026 305985
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADFUNC AS. Revenue 203.8k NOK → 797.2k NOK (+291.2%). Net result +4 379 NOK → +973.9k NOK. Equity 190.1k NOK → 164.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADFUNC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 203.8k NOK to 797.2k NOK (+291.2% YoY). Calculated
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Operating result improved
Operating result +4 515 NOK → +999.2k NOK (op. margin 2.2% → 125.3%). Calculated
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Net result improved
Net result +4 379 NOK → +973.9k NOK (net margin 2.1% → 122.2%). Calculated
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Cash rose
Bank deposits 24.1k NOK → 1.28m NOK (+5210.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 190.1k NOK → 164.0k NOK (equity ratio 54.7% → 49.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 0 NOK → 3.27m NOK (0% → 410% of revenue). Calculated
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COGS moved
COGS / varekostnad 0 NOK → 259.4k NOK (None YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 2. Reported fact