102 ASIA MAT AS: årsregnskap 2024 vs 2023
Grew 30% on revenue, stronger earnings
approved 2025-06-06; registry 2025-07-21; journal 2025 687137
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 102 ASIA MAT AS. Revenue 6.63m NOK → 8.60m NOK (+29.7%). Net result -559.4k NOK → -353.7k NOK. Equity -1.26m NOK → -1.62m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 102 ASIA MAT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.63m NOK to 8.60m NOK (+29.7% YoY). Calculated
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Operating result improved
Operating result -560.0k NOK → -354.0k NOK (op. margin -8.4% → -4.1%). Calculated
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Net result improved
Net result -559.4k NOK → -353.7k NOK (net margin -8.4% → -4.1%). Calculated
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Cash rose
Bank deposits 388.3k NOK → 428.4k NOK (+10.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -1.26m NOK → -1.62m NOK (equity ratio -129.6% → -12134.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -12134.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 728.7k NOK → 1.76m NOK (11% → 20% of revenue). Calculated
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COGS moved
COGS / varekostnad 5.75m NOK → 6.42m NOK (+11.8% YoY). Calculated