ADVENTURE SENJA AS: årsregnskap 2025 vs 2024
Grew 22% on revenue, stronger earnings, cash halved-plus
approved 2026-04-07; registry 2026-04-11; journal 2026 370580
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADVENTURE SENJA AS. Revenue 2.86m NOK → 3.48m NOK (+21.7%). Net result +196.1k NOK → +561.0k NOK. Equity 785.5k NOK → 346.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVENTURE SENJA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.86m NOK to 3.48m NOK (+21.7% YoY). Calculated
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Operating result improved
Operating result +381.3k NOK → +791.4k NOK (op. margin 13.3% → 22.8%). Calculated
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Net result improved
Net result +196.1k NOK → +561.0k NOK (net margin 6.9% → 16.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 785.5k NOK → 346.5k NOK (equity ratio 20.4% → 9.7%). Calculated
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↓
Cash fell
Bank deposits 561.6k NOK → 35.7k NOK (-93.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 812.3k NOK → 3.92m NOK (28% → 113% of revenue). Calculated
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COGS fell
COGS / varekostnad 141.6k NOK → 40.6k NOK (-71.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 371.3k NOK → 371 NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 1 → 1.5. Reported fact