Org.nr 979 938 799 2024 → 2025 Year-over-year analysis

NEL ASA: årsregnskap 2025 vs 2024

Another loss-making year

approved 2026-02-10; registry 2026-06-27; journal 2026 490679

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for NEL ASA. Revenue 105.59m NOK → 103.45m NOK (-2.0%). Net result -710.57m NOK → -758.31m NOK. Equity 5.85bn NOK → 5.45bn NOK.

On the constructive side: operating result improved; owners injected capital; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for NEL ASA.

Scorecard

Revenue
105.59m NOK 103.45m NOK
-2.0%
Operating result
-39.51m NOK -38.91m NOK
+1.5%
Net result
-710.57m NOK -758.31m NOK
-6.7%
Equity
5.85bn NOK 5.45bn NOK
-7.0%
Cash
1.83bn NOK 1.56bn NOK
-15.0%
Total assets
6.12bn NOK 5.73bn NOK
-6.4%

What improved

  • ↑

    Operating result improved

    Operating result -39.51m NOK → -38.91m NOK (op. margin -37.4% → -37.6%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 8.00bn NOK → 8.35bn NOK (+351.22m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 75.72m NOK → 75.37m NOK (72% → 73% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 105.59m NOK to 103.45m NOK (-2.0% YoY). Calculated

  • ↓

    Net result weakened

    Net result -710.57m NOK → -758.31m NOK (net margin -673.0% → -733.0%). Calculated

  • ↓

    Equity eroded

    Book equity 5.85bn NOK → 5.45bn NOK (equity ratio 95.6% → 95.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.83bn NOK → 1.56bn NOK (-15.0% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.50m NOK → 4.40m NOK (-2.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 4.02bn NOK → 3.94bn NOK. Reported fact