WATERCIRCLES FORSIKRING ASA: årsregnskap 2025 vs 2024
Shrank 100% on revenue, stronger earnings
approved 2026-06-05; registry 2026-08-13; journal 2026 720956
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for WATERCIRCLES FORSIKRING ASA. Revenue 401.11m NOK → 427.5k NOK (-99.9%). Net result -49.84m NOK → -27.32m NOK. Equity 242.37m NOK → 315.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for WATERCIRCLES FORSIKRING ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -80.64m NOK → -46.65m NOK (op. margin -20.1% → -10912.3%). Calculated
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Net result improved
Net result -49.84m NOK → -27.32m NOK (net margin -12.4% → -6392.3%). Calculated
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Cash rose
Bank deposits 23.70m NOK → 52.83m NOK (+122.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 401.11m NOK to 427.5k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 242.37m NOK → 315.0k NOK (equity ratio 17.2% → 0.0%). Calculated
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Payroll up without matching revenue
Salary cost 65.05m NOK → 81.28m NOK (16% → 19014% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 582.34m NOK → 682.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 1 NOK → 491.0k NOK. Reported fact