ADJUVA AS: årsregnskap 2025 vs 2024
Shrank 82% on revenue, stronger earnings, cash halved-plus
approved 2026-03-24; registry 2026-03-25; journal 2026 353516
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADJUVA AS. Revenue 469.2k NOK → 86.8k NOK (-81.5%). Net result +93.5k NOK → +458.1k NOK. Equity 430.6k NOK → 888.7k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ADJUVA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +83.0k NOK → +530.7k NOK (op. margin 17.7% → 611.7%). Calculated
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Net result improved
Net result +93.5k NOK → +458.1k NOK (net margin 19.9% → 528.0%). Calculated
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↑
Equity strengthened
Book equity 430.6k NOK → 888.7k NOK (equity ratio 73.8% → 838.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 469.2k NOK to 86.8k NOK (-81.5% YoY). Calculated
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↓
Cash fell
Bank deposits 567.4k NOK → 91.3k NOK (-83.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.82× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 2.37m NOK → 3.50m NOK (505% → 4028% of revenue). Calculated
Things to notice
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·
Headcount (årsverk) changed
Reported FTEs 0.2 → 0.3. Reported fact