ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2025 vs 2024
Grew 36% on revenue, stronger earnings
approved 2026-03-17; registry 2026-03-18; journal 2026 342818
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 6.01m NOK → 8.19m NOK (+36.1%). Net result +193.8k NOK → +771.5k NOK. Equity 970.8k NOK → 42.3k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVANCED ENGINEERING SYSTEMS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.01m NOK to 8.19m NOK (+36.1% YoY). Calculated
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Net result improved
Net result +193.8k NOK → +771.5k NOK (net margin 3.2% → 9.4%). Calculated
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Cash rose
Bank deposits 136.6k NOK → 2.94m NOK (+2054.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +375.3k NOK → +43.9k NOK (op. margin 6.2% → 0.5%). Calculated
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↓
Equity eroded
Book equity 970.8k NOK → 42.3k NOK (equity ratio 27.8% → 0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.11m NOK → 1.16m NOK (18% → 14% of revenue). Calculated