Org.nr 914 424 046 2024 → 2025 Year-over-year analysis

AIRADVANTAGE AS: årsregnskap 2025 vs 2024

Shrank 68% on revenue, slipped into loss, cash halved-plus

approved 2026-06-30; registry 2026-07-01; journal 2026 617181

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for AIRADVANTAGE AS. Revenue 432.6k NOK → 138.9k NOK (-67.9%). Net result +50.4k NOK → -188.4k NOK. Equity 25.5k NOK → -163.0k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRADVANTAGE AS.

Scorecard

Revenue
432.6k NOK 138.9k NOK
-67.9%
Operating result
+51.6k NOK -188.5k NOK
-465.3%
Net result
+50.4k NOK -188.4k NOK
-473.8%
Equity
25.5k NOK -163.0k NOK
-740.0%
Cash
68.5k NOK 33.1k NOK
-51.6%
Total assets
171.9k NOK 146.9k NOK
-14.5%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 432.6k NOK to 138.9k NOK (-67.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +51.6k NOK → -188.5k NOK (op. margin 11.9% → -135.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 50.4k NOK profit to a loss of 188.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 25.5k NOK → -163.0k NOK (equity ratio 14.8% → -110.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 68.5k NOK → 33.1k NOK (-51.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -110.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 117.2k NOK → 47.9k NOK (-59.1% YoY). Calculated