AIRFIL AS: årsregnskap 2025 vs 2024
Shrank 44% on revenue
approved 2026-03-14; registry 2026-03-16; journal 2026 338969
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AIRFIL AS. Revenue 553.0k NOK → 308.7k NOK (-44.2%). Net result -49.3k NOK → -56.1k NOK. Equity -150.2k NOK → -206.3k NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRFIL AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -112.3k NOK → -55.2k NOK (op. margin -20.3% → -17.9%). Calculated
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Cash rose
Bank deposits 30.9k NOK → 32.5k NOK (+5.1% YoY). Calculated
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Payroll decreased
Salary cost 148.5k NOK → 135.3k NOK (27% → 44% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 553.0k NOK to 308.7k NOK (-44.2% YoY). Calculated
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Net result weakened
Net result -49.3k NOK → -56.1k NOK (net margin -8.9% → -18.2%). Calculated
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Equity eroded
Book equity -150.2k NOK → -206.3k NOK (equity ratio -168.5% → -634.6%). Calculated
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Current ratio dropped below 1×
Current ratio 1.39× → 0.51× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -634.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 441.9k NOK → 147.4k NOK (-66.6% YoY). Calculated