ADVISORWEST AS: årsregnskap 2025 vs 2024
Shrank 41% on revenue, stronger earnings
approved 2026-06-30; registry 2026-07-15; journal 2026 680645
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADVISORWEST AS. Revenue 6.83m NOK → 4.03m NOK (-41.1%). Net result -215.1k NOK → -34.8k NOK. Equity 775.6k NOK → 740.7k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVISORWEST AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +12.9k NOK → +275.3k NOK (op. margin 0.2% → 6.8%). Calculated
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Net result improved
Net result -215.1k NOK → -34.8k NOK (net margin -3.1% → -0.9%). Calculated
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Payroll decreased
Salary cost 2.97m NOK → 72.0k NOK (43% → 2% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 6.83m NOK to 4.03m NOK (-41.1% YoY). Calculated
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Equity eroded
Book equity 775.6k NOK → 740.7k NOK (equity ratio 54.5% → 20.8%). Calculated
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Cash fell
Bank deposits 378.1k NOK → 222.2k NOK (-41.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.02× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 99.8k NOK → 294.1k NOK (+194.8% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 1.90m NOK → 2.56m NOK. Reported fact