ELEVATE OCEAN AS: årsregnskap 2025 vs 2024
Grew 11965% on revenue, returned to profit, cash halved-plus
approved 2026-06-30; registry 2026-07-02; journal 2026 627761
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ELEVATE OCEAN AS. Revenue 28.7k NOK → 3.46m NOK (+11965.0%). Net result -2.56m NOK → +451.9k NOK. Equity 2.64m NOK → 3.36m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for ELEVATE OCEAN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 28.7k NOK to 3.46m NOK (+11965.0% YoY). Calculated
-
↑
Operating result improved
Operating result -2.64m NOK → -549.7k NOK (op. margin -9207.5% → -15.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 2.56m NOK to a profit of 451.9k NOK. Calculated
-
↑
Equity strengthened
Book equity 2.64m NOK → 3.36m NOK (equity ratio 74.6% → 77.2%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 6.20m NOK → 6.48m NOK (+272.7k NOK). Reported fact
What deteriorated
-
↓
Cash fell
Bank deposits 1.09m NOK → 332.7k NOK (-69.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.01× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.09m NOK → 332.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS moved
COGS / varekostnad 456.3k NOK → 933.3k NOK (+104.6% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 3 649 NOK → 0 NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 4 → 2. Reported fact