RELYNK AS: årsregnskap 2025 vs 2024
Grew 14% on revenue, stronger earnings, cash halved-plus
approved 2026-06-30; registry 2026-07-08; journal 2026 656853
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for RELYNK AS. Revenue 849.0k NOK → 967.8k NOK (+14.0%). Net result -2.01m NOK → -995.2k NOK. Equity -3.77m NOK → -4.77m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for RELYNK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 849.0k NOK to 967.8k NOK (+14.0% YoY). Calculated
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Operating result improved
Operating result -2.15m NOK → -1.05m NOK (op. margin -252.8% → -108.3%). Calculated
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Net result improved
Net result -2.01m NOK → -995.2k NOK (net margin -236.2% → -102.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -3.77m NOK → -4.77m NOK (equity ratio -96.5% → -232.6%). Calculated
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Cash fell
Bank deposits 2.81m NOK → 1.07m NOK (-61.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -232.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.81m NOK → 1.07m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2.22m NOK → 2.69m NOK (261% → 278% of revenue). Calculated
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COGS moved
COGS / varekostnad 4 656 NOK → 487.5k NOK (+10371.2% YoY). Calculated