SELVAAG BOLIG ASA: årsregnskap 2025 vs 2024
Stronger earnings, cash halved-plus
approved 2026-04-30; registry 2026-08-04; journal 2026 664123
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for SELVAAG BOLIG ASA. Revenue 83.01m NOK → 85.50m NOK (+3.0%). Net result +64.65m NOK → +114.05m NOK. Equity 1.96bn NOK → 1.98bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. 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 SELVAAG BOLIG ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 83.01m NOK to 85.50m NOK (+3.0% YoY). Calculated
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Operating result improved
Operating result -123.48m NOK → -116.14m NOK (op. margin -148.8% → -135.8%). Calculated
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Net result improved
Net result +64.65m NOK → +114.05m NOK (net margin 77.9% → 133.4%). Calculated
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Equity strengthened
Book equity 1.96bn NOK → 1.98bn NOK (equity ratio 63.4% → 64.3%). Calculated
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Owners injected capital
Paid-in equity rose 1.96bn NOK → 1.98bn NOK (+16.48m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 155.50m NOK → 715.0k NOK (-99.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1502.30× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (155.50m NOK → 715.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 6 000 NOK → 2.71m NOK (+45083.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.61bn NOK → 2.82bn NOK. Reported fact