Org.nr 913 757 424 2024 → 2025 Year-over-year analysis

AQUALIS ASA: årsregnskap 2025 vs 2024

Shrank 68% on revenue, weaker earnings

approved 2026-05-27; registry 2026-08-04; journal 2026 635313

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for AQUALIS ASA. Revenue 1.23m NOK → 388.0k NOK (-68.4%). Net result -11.25m NOK → -154.67m NOK. Equity 626.92m NOK → 376.79m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AQUALIS ASA.

Scorecard

Revenue
1.23m NOK 388.0k NOK
-68.4%
Operating result
-62.30m NOK -93.81m NOK
-50.6%
Net result
-11.25m NOK -154.67m NOK
-1274.7%
Equity
626.92m NOK 376.79m NOK
-39.9%
Cash
193.0k NOK 105.0k NOK
-45.6%
Total assets
1.10bn NOK 1.09bn NOK
-0.6%

What improved

  • ↑

    Payroll decreased

    Salary cost 4.45m NOK → 3.41m NOK (362% → 878% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.23m NOK to 388.0k NOK (-68.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -62.30m NOK → -93.81m NOK (op. margin -5073.6% → -24178.1%). Calculated

  • ↓

    Net result weakened

    Net result -11.25m NOK → -154.67m NOK (net margin -916.2% → -39863.7%). Calculated

  • ↓

    Equity eroded

    Book equity 626.92m NOK → 376.79m NOK (equity ratio 57.0% → 34.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 193.0k NOK → 105.0k NOK (-45.6% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 572.74m NOK → 477.29m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.06bn NOK → 1.01bn NOK. Reported fact