Org.nr 989 002 589 2024 → 2025 Year-over-year analysis

AGNAR HOLDING AS: årsregnskap 2025 vs 2024

Shrank 100% on revenue, weaker earnings, cash halved-plus

approved 2026-04-20; registry 2026-05-12; journal 2026 389570

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for AGNAR HOLDING AS. Revenue 21.60m NOK → 0 NOK (-100.0%). Net result +28.64m NOK → +11.78m NOK. Equity 152.23m NOK → 159.8k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for AGNAR HOLDING AS.

Scorecard

Revenue
21.60m NOK 0 NOK
-100.0%
Operating result
+16.32m NOK -957.0k NOK
-105.9%
Net result
+28.64m NOK +11.78m NOK
-58.9%
Equity
152.23m NOK 159.8k NOK
-99.9%
Cash
8.47m NOK 2.60m NOK
-69.3%
Total assets
162.86m NOK 167.97m NOK
+3.1%

What improved

  • ↑

    Payroll decreased

    Salary cost 1.92m NOK → 2 NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 21.60m NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +16.32m NOK → -957.0k NOK. Calculated

  • ↓

    Net result weakened

    Net result +28.64m NOK → +11.78m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 152.23m NOK → 159.8k NOK (equity ratio 93.5% → 0.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 8.47m NOK → 2.60m NOK (-69.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (8.47m NOK → 2.60m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation