ADNOR ADVOKAT AS: årsregnskap 2025 vs 2024
Grew 15% on revenue, weaker earnings
approved 2026-04-30; registry 2026-05-04; journal 2026 415044
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADNOR ADVOKAT AS. Revenue 26.41m NOK → 30.31m NOK (+14.8%). Net result +892.1k NOK → +160.8k NOK. Equity 424.1k NOK → 368.8k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADNOR ADVOKAT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 26.41m NOK to 30.31m NOK (+14.8% YoY). Calculated
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Operating result improved
Operating result +471.7k NOK → +3.01m NOK (op. margin 1.8% → 9.9%). Calculated
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Cash rose
Bank deposits 2.15m NOK → 2.21m NOK (+2.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +892.1k NOK → +160.8k NOK (net margin 3.4% → 0.5%). Calculated
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↓
Equity eroded
Book equity 424.1k NOK → 368.8k NOK (equity ratio 3.9% → 2.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 19.91m NOK → 21.85m NOK (75% → 72% of revenue). Calculated