ADVENTURE-BOOKING NORWAY AS: årsregnskap 2025 vs 2024
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2026-03-17; registry 2026-03-30; journal 2026 359134
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADVENTURE-BOOKING NORWAY AS. Revenue 833.2k NOK → 833 NOK (-99.9%). Net result +171.1k NOK → -43.5k NOK. Equity -159.3k NOK → -202.8k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADVENTURE-BOOKING NORWAY AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.56× → 7.21×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 833.2k NOK to 833 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +143.1k NOK → -68.5k NOK (op. margin 17.2% → -8221.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 171.1k NOK profit to a loss of 43.5k NOK. Calculated
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↓
Equity eroded
Book equity -159.3k NOK → -202.8k NOK (equity ratio -8.2% → -25.9%). Calculated
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↓
Cash fell
Bank deposits 1.18m NOK → 51.1k NOK (-95.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.18m NOK → 51.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 635.5k NOK → 29.1k NOK (-95.4% YoY). Calculated