FirmaIQ
Org.nr 926 677 780 2024 → 2025 Year-over-year analysis

SHAPEMAKER AS: årsregnskap 2025 vs 2024

Grew 91% on revenue, stronger earnings, cash halved-plus

approved 2026-06-30; registry 2026-07-29; journal 2026 655528

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2025 with 2024 for SHAPEMAKER AS. Revenue 2.90m NOK → 5.53m NOK (+90.7%). Net result -8.51m NOK → -6.66m NOK. Equity 26.87m NOK → 20.21m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for SHAPEMAKER AS.

At a glance

Scorecard

Revenue
2.90m NOK 5.53m NOK
+90.7%
Operating result
-9.00m NOK -6.53m NOK
+27.5%
Net result
-8.51m NOK -6.66m NOK
+21.7%
Equity
26.87m NOK 20.21m NOK
-24.8%
Cash
11.17m NOK 3.00m NOK
-73.1%
Total assets
32.37m NOK 29.02m NOK
-10.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.90m NOK to 5.53m NOK (+90.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -9.00m NOK → -6.53m NOK (op. margin -310.4% → -118.1%). Calculated

  • ↑

    Net result improved

    Net result -8.51m NOK → -6.66m NOK (net margin -293.7% → -120.6%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 26.87m NOK → 20.21m NOK (equity ratio 83.0% → 69.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 11.17m NOK → 3.00m NOK (-73.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (11.17m NOK → 3.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation