1.618 GROUP AS: årsregnskap 2024 vs 2023
Shrank 54% on revenue, weaker earnings, cash halved-plus
approved 2025-06-25; registry 2025-08-02; journal 2025 731193
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 1.618 GROUP AS. Revenue 2.06m NOK → 956.4k NOK (-53.6%). Net result -46.3k NOK → -165.2k NOK. Equity -302.4k NOK → -467.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1.618 GROUP AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 528.0k NOK → 0 NOK (26% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.06m NOK to 956.4k NOK (-53.6% YoY). Calculated
-
↓
Operating result weakened
Operating result -40.5k NOK → -191.6k NOK (op. margin -2.0% → -20.0%). Calculated
-
↓
Net result weakened
Net result -46.3k NOK → -165.2k NOK (net margin -2.2% → -17.3%). Calculated
-
↓
Equity eroded
Book equity -302.4k NOK → -467.6k NOK (equity ratio -29.5% → -52.6%). Calculated
-
↓
Cash fell
Bank deposits 106.9k NOK → 23.2k NOK (-78.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -52.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 176.1k NOK → 61.8k NOK (-64.9% YoY). Calculated