ADONAI AS: årsregnskap 2025 vs 2024
Grew 12% on revenue, returned to profit
approved 2026-06-30; registry 2026-08-01; journal 2026 734015
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADONAI AS. Revenue 4.17m NOK → 4.65m NOK (+11.5%). Net result -25.8k NOK → +100.7k NOK. Equity -595.1k NOK → -1.69m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADONAI AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.17m NOK to 4.65m NOK (+11.5% YoY). Calculated
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Operating result improved
Operating result -16.4k NOK → +78.1k NOK (op. margin -0.4% → 1.7%). Calculated
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Turned profitable
Net result flipped from a loss of 25.8k NOK to a profit of 100.7k NOK. Calculated
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Cash rose
Bank deposits 152.0k NOK → 347.5k NOK (+128.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -595.1k NOK → -1.69m NOK (equity ratio -68.1% → -241.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -241.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 930.0k NOK → 331.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 2.11m NOK → 2.40m NOK (51% → 52% of revenue). Calculated
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COGS moved
COGS / varekostnad 14.4k NOK → 1.06m NOK (+7250.5% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 3 → 10. Reported fact