Org.nr 886 582 412 2024 → 2025 Year-over-year analysis

AQUA BIO TECHNOLOGY ASA: årsregnskap 2025 vs 2024

Grew 2943% on revenue, stronger earnings

approved 2026-04-30; registry 2026-07-28; journal 2026 618296

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for AQUA BIO TECHNOLOGY ASA. Revenue 247.6k NOK → 7.53m NOK (+2942.7%). Net result -233.16m NOK → -24.64m NOK. Equity 6.15m NOK → -489.1k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AQUA BIO TECHNOLOGY ASA.

Scorecard

Revenue
247.6k NOK 7.53m NOK
+2942.7%
Operating result
-62.85m NOK -12.55m NOK
+80.0%
Net result
-233.16m NOK -24.64m NOK
+89.4%
Equity
6.15m NOK -489.1k NOK
-108.0%
Cash
361.9k NOK 658.2k NOK
+81.9%
Total assets
149.71m NOK 130.02m NOK
-13.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 247.6k NOK to 7.53m NOK (+2942.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -62.85m NOK → -12.55m NOK (op. margin -25386.0% → -166.6%). Calculated

  • ↑

    Net result improved

    Net result -233.16m NOK → -24.64m NOK (net margin -94183.9% → -327.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 361.9k NOK → 658.2k NOK (+81.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 7.53m NOK → 3.17m NOK (3044% → 42% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 6.15m NOK → -489.1k NOK (equity ratio 4.1% → -0.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 281.52m NOK → 45.57m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 5.05m NOK → 1.56m NOK (-69.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 145.97m NOK → 126.70m NOK. Reported fact