ADMIRATION AS: årsregnskap 2025 vs 2024
Shrank 26% on revenue, returned to profit
approved 2026-06-04; registry 2026-06-17; journal 2026 552790
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADMIRATION AS. Revenue 1.73m NOK → 1.29m NOK (-25.6%). Net result -59.5k NOK → +273.3k NOK. Equity -805.2k NOK → -268.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +74.0k NOK → +425.7k NOK (op. margin 4.3% → 33.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 59.5k NOK to a profit of 273.3k NOK. Calculated
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↑
Equity strengthened
Book equity -805.2k NOK → -268.7k NOK (equity ratio -168.2% → -26.3%). Calculated
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↑
Cash rose
Bank deposits 19.0k NOK → 494.9k NOK (+2498.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.38× → 1.17×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.73m NOK to 1.29m NOK (-25.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.39m NOK → 4.55m NOK (80% → 353% of revenue). Calculated