Org.nr 997 807 693 2024 → 2025 Year-over-year analysis

AIRCONSTRUCTION AS: årsregnskap 2025 vs 2024

Shrank 20% on revenue, stronger earnings, cash halved-plus

approved 2026-06-01; registry 2026-07-18; journal 2026 593235

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for AIRCONSTRUCTION AS. Revenue 7.74m NOK → 6.22m NOK (-19.6%). Net result -18.17m NOK → -3.41m NOK. Equity 12 NOK → 12 NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AIRCONSTRUCTION AS.

Scorecard

Revenue
7.74m NOK 6.22m NOK
-19.6%
Operating result
-3.82m NOK -1.83m NOK
+52.1%
Net result
-18.17m NOK -3.41m NOK
+81.2%
Equity
12 NOK 12 NOK
0.0%
Cash
7.37m NOK 227.4k NOK
-96.9%
Total assets
318.17m NOK 334.01m NOK
+5.0%

What improved

  • ↑

    Operating result improved

    Operating result -3.82m NOK → -1.83m NOK (op. margin -49.4% → -29.4%). Calculated

  • ↑

    Net result improved

    Net result -18.17m NOK → -3.41m NOK (net margin -234.6% → -54.9%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 7.74m NOK to 6.22m NOK (-19.6% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 7.37m NOK → 227.4k NOK (-96.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (7.37m NOK → 227.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 288.43m NOK → 307.84m NOK. Reported fact