Org.nr 938 702 675 2024 → 2025 Year-over-year analysis

AF GRUPPEN ASA: årsregnskap 2025 vs 2024

Grew 671959% on revenue, stronger earnings, fresh owner capital

approved 2026-05-13; registry 2026-08-04; journal 2026 636552

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for AF GRUPPEN ASA. Revenue 136 NOK → 914.0k NOK (+671958.8%). Net result +87.00m NOK → +853.00m NOK. Equity 1.19bn NOK → 968.00m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for AF GRUPPEN ASA.

Scorecard

Revenue
136 NOK 914.0k NOK
+671958.8%
Operating result
+100 NOK +876.0k NOK
+875900.0%
Net result
+87.00m NOK +853.00m NOK
+880.5%
Equity
1.19bn NOK 968.00m NOK
-18.5%
Total assets
3.31bn NOK 4.18bn NOK
+26.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 136 NOK to 914.0k NOK (+671958.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +100 NOK → +876.0k NOK (op. margin 73.5% → 95.8%). Calculated

  • ↑

    Net result improved

    Net result +87.00m NOK → +853.00m NOK (net margin 63970588.2% → 93326.0%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 31 NOK → 136.00m NOK (+136.00m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.19bn NOK → 968.00m NOK (equity ratio 35.9% → 23.1%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 105710.24× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 33 NOK → 6.27bn NOK (24% → 685886% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 3 081 NOK → 3.08bn NOK. Reported fact