AEC AS: årsregnskap 2025 vs 2024
Grew 9% on revenue, weaker earnings, fresh owner capital
approved 2026-04-21; registry 2026-04-28; journal 2026 402468
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AEC AS. Revenue 787.9k NOK → 857.1k NOK (+8.8%). Net result -107.5k NOK → -129.4k NOK. Equity -83.3k NOK → -212.7k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AEC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 787.9k NOK to 857.1k NOK (+8.8% YoY). Calculated
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Owners injected capital
Paid-in equity rose 24.2k NOK → 30.0k NOK (+5 784 NOK). Reported fact
What deteriorated
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Operating result weakened
Operating result -107.3k NOK → -127.2k NOK (op. margin -13.6% → -14.8%). Calculated
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↓
Net result weakened
Net result -107.5k NOK → -129.4k NOK (net margin -13.6% → -15.1%). Calculated
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↓
Equity eroded
Book equity -83.3k NOK → -212.7k NOK (equity ratio -17.1% → -85.0%). Calculated
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↓
Cash fell
Bank deposits 346.1k NOK → 225.7k NOK (-34.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -85.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1 301 NOK → 772.2k NOK (0% → 90% of revenue). Calculated
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COGS moved
COGS / varekostnad 385.1k NOK → 729.1k NOK (+89.3% YoY). Calculated