Org.nr 917 105 901 2024 → 2025 Year-over-year analysis

ADN HOLDING AS: årsregnskap 2025 vs 2024

Shrank 59% on revenue, slipped into loss, cash halved-plus

registry 2026-06-16; journal 2026 441686

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ADN HOLDING AS. Revenue 323.9k NOK → 133.6k NOK (-58.8%). Net result +475.1k NOK → -532.8k NOK. Equity 3.01m NOK → 2.48m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADN HOLDING AS.

Scorecard

Revenue
323.9k NOK 133.6k NOK
-58.8%
Operating result
-494.5k NOK -359.8k NOK
+27.2%
Net result
+475.1k NOK -532.8k NOK
-212.1%
Equity
3.01m NOK 2.48m NOK
-17.7%
Cash
185.4k NOK 88.1k NOK
-52.5%
Total assets
6.90m NOK 5.52m NOK
-20.0%

What improved

  • ↑

    Operating result improved

    Operating result -494.5k NOK → -359.8k NOK (op. margin -152.7% → -269.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 323.9k NOK to 133.6k NOK (-58.8% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 475.1k NOK profit to a loss of 532.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 3.01m NOK → 2.48m NOK (equity ratio 43.6% → 44.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 185.4k NOK → 88.1k NOK (-52.5% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.74× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 88.6k NOK → 25.6k NOK (-71.1% YoY). Calculated