ADRIAN MEDICAL AS: årsregnskap 2025 vs 2024
Shrank 67% on revenue, weaker earnings
approved 2026-05-08; registry 2026-05-28; journal 2026 485295
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADRIAN MEDICAL AS. Revenue 983.4k NOK → 329.1k NOK (-66.5%). Net result -298.6k NOK → -583.9k NOK. Equity 2.52m NOK → 1.93m NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADRIAN MEDICAL AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 38.9k NOK → 388.7k NOK (+899.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.07× → 3.63×. Calculated
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↑
Payroll decreased
Salary cost 2.64m NOK → 656.9k NOK (268% → 200% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 983.4k NOK to 329.1k NOK (-66.5% YoY). Calculated
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Operating result weakened
Operating result -381.7k NOK → -753.1k NOK (op. margin -38.8% → -228.8%). Calculated
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↓
Net result weakened
Net result -298.6k NOK → -583.9k NOK (net margin -30.4% → -177.4%). Calculated
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↓
Equity eroded
Book equity 2.52m NOK → 1.93m NOK (equity ratio 82.4% → 63.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 224.1k NOK → 127.2k NOK (-43.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.80m NOK → 2.20m NOK. Reported fact