AJ BRA SERVICE AS: årsregnskap 2025 vs 2024
Shrank 8% on revenue, stronger earnings, cash halved-plus
approved 2026-06-30; registry 2026-07-01; journal 2026 624023
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AJ BRA SERVICE AS. Revenue 681.7k NOK → 624.7k NOK (-8.4%). Net result -183.9k NOK → -115.6k NOK. Equity -107.2k NOK → -159.0k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AJ BRA SERVICE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -181.3k NOK → -112.6k NOK (op. margin -26.6% → -18.0%). Calculated
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Net result improved
Net result -183.9k NOK → -115.6k NOK (net margin -27.0% → -18.5%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 681.7k NOK to 624.7k NOK (-8.4% YoY). Calculated
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Equity eroded
Book equity -107.2k NOK → -159.0k NOK (equity ratio -30.4% → -47.7%). Calculated
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Cash fell
Bank deposits 80.0k NOK → 24.7k NOK (-69.1% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2.33m NOK → 2.40m NOK (342% → 384% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -47.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 25.9k NOK → 19.6k NOK (-24.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 16.5k NOK. Reported fact