VOW ASA: årsregnskap 2025 vs 2024
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2026-05-27; registry 2026-08-04; journal 2026 680183
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for VOW ASA. Revenue 1.02m NOK → 0 NOK (-100.0%). Net result -111.00m NOK → -280.00m NOK. Equity 675.0k NOK → 684.0k NOK.
On the constructive side: operating result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for VOW ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -13.00m NOK → -10.00m NOK. Calculated
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Equity strengthened
Book equity 675.0k NOK → 684.0k NOK (equity ratio 70.4% → 0.1%). Calculated
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Owners injected capital
Paid-in equity rose 833.0k NOK → 832.00m NOK (+831.17m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.02m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Net result weakened
Net result -111.00m NOK → -280.00m NOK. Calculated
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↓
Cash fell
Bank deposits 16.00m NOK → 0 NOK (-100.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.00m NOK → 5.15m NOK. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% 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 (16.00m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 16.72m NOK → 848.0k NOK (-94.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 942.00m NOK → 869.00m NOK. Reported fact