SMARTDOK AS: årsregnskap 2025 vs 2024
Grew 10% on revenue
approved 28.05.2026; registry 23.07.2026; journal 2026 622277
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for SMARTDOK AS. Revenue 148.14m NOK → 162.39m NOK (+9.6%). Net result +45.74m NOK → +51.24m NOK. Equity 1.37m NOK → 1.66m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved; group contribution upstreamed. All figures are taken from the published annual accounts for SMARTDOK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 148.14m NOK to 162.39m NOK (+9.6% YoY). Calculated
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Operating result improved
Operating result +53.54m NOK → +61.76m NOK (op. margin 36.1% → 38.0%). Calculated
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Net result improved
Net result +45.74m NOK → +51.24m NOK (net margin 30.9% → 31.6%). Calculated
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Equity strengthened
Book equity 1.37m NOK → 1.66m NOK (equity ratio 0.8% → 1.1%). Calculated
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Cash rose
Bank deposits 13.57m NOK → 17.41m NOK (+28.3% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 55.16m NOK → 59.88m NOK (37% → 37% of revenue). Calculated
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COGS moved
COGS / varekostnad 12.67m NOK → 12.74m NOK (+0.6% YoY). Calculated
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Group contribution upstreamed
Group contribution (avgitt konsernbidrag) 74.46m NOK → 50.95m NOK. Large vs net profit (51.24m NOK) — earnings are largely upstreamed. Reported fact
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Group receivables moved
Konsernfordringer 140.25m NOK → 119.52m NOK. Often a cash-pool / treasury signal rather than free cash. Interpretation