ADVENTURE PHOTO AS: årsregnskap 2025 vs 2024
Grew 144750% on revenue, slipped into loss, cash halved-plus
registry 2026-02-24; journal 2026 317373
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADVENTURE PHOTO AS. Revenue 1 143 NOK → 1.66m NOK (+144749.8%). Net result +111.9k NOK → -294.2k NOK. Equity 252.5k NOK → -41.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVENTURE PHOTO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 143 NOK to 1.66m NOK (+144749.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +143.4k NOK → -377.0k NOK (op. margin 12543.0% → -22.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 111.9k NOK profit to a loss of 294.2k NOK. Calculated
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↓
Equity eroded
Book equity 252.5k NOK → -41.7k NOK (equity ratio 56.1% → -25.3%). Calculated
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↓
Cash fell
Bank deposits 237.8k NOK → 7 888 NOK (-96.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.05× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -25.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 223.9k NOK → 275.8k NOK (19588% → 17% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 13.3k NOK → 25.0k NOK (+88.4% YoY). Calculated