Org.nr 951 237 205 2024 → 2025 Year-over-year analysis

ADRIAN AS: årsregnskap 2025 vs 2024

Stronger earnings, cash halved-plus

approved 2026-06-24; registry 2026-07-28; journal 2026 651235

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ADRIAN AS. Net result -347.12m NOK → -131.4k NOK. Equity 197.39m NOK → 156.75m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADRIAN AS.

Scorecard

Operating result
-133.8k NOK -116.7k NOK
+12.8%
Net result
-347.12m NOK -131.4k NOK
+100.0%
Equity
197.39m NOK 156.75m NOK
-20.6%
Cash
1.89m NOK 336.3k NOK
-82.2%
Total assets
215.09m NOK 246.54m NOK
+14.6%

What improved

  • ↑

    Operating result improved

    Operating result -133.8k NOK → -116.7k NOK. Calculated

  • ↑

    Net result improved

    Net result -347.12m NOK → -131.4k NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 197.39m NOK → 156.75m NOK (equity ratio 91.8% → 63.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.89m NOK → 336.3k NOK (-82.2% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.89m NOK → 336.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation