ADWINIGROUP AS: årsregnskap 2025 vs 2024
Shrank 61% on revenue
approved 2026-05-26; registry 2026-06-24; journal 2026 579600
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADWINIGROUP AS. Revenue 808.5k NOK → 313.7k NOK (-61.2%). Net result -65.9k NOK → -54.3k NOK. Equity -120.4k NOK → -174.6k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADWINIGROUP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -65.6k NOK → -54.1k NOK (op. margin -8.1% → -17.3%). Calculated
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↑
Net result improved
Net result -65.9k NOK → -54.3k NOK (net margin -8.1% → -17.3%). Calculated
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Cash rose
Bank deposits 25.6k NOK → 36.0k NOK (+40.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 808.5k NOK to 313.7k NOK (-61.2% YoY). Calculated
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↓
Equity eroded
Book equity -120.4k NOK → -174.6k NOK (equity ratio -31.6% → -40.9%). Calculated
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↓
COGS moved
COGS / varekostnad 555.0k NOK → 993.4k NOK (+79.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -40.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 0 NOK → 6.15m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 0 → 0.25. Reported fact