123 HOUSING AS: årsregnskap 2024 vs 2023
Grew 416583% on revenue, stronger earnings, cash halved-plus
approved 2026-02-13; registry 2026-03-02; journal 2026 322988
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 123 HOUSING AS. Revenue 2 929 NOK → 12.20m NOK (+416583.2%). Net result -11.17m NOK → -3.49m NOK. Equity -4.68m NOK → -7.03m NOK.
On the constructive side: revenue rose; net result improved; owners injected capital. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 123 HOUSING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2 929 NOK to 12.20m NOK (+416583.2% YoY). Calculated
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Net result improved
Net result -11.17m NOK → -3.49m NOK (net margin -381434.3% → -28.6%). Calculated
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Owners injected capital
Paid-in equity rose 262.0k NOK → 402.5k NOK (+140.5k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -2.86m NOK → -3.98m NOK (op. margin -97588.7% → -32.6%). Calculated
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↓
Equity eroded
Book equity -4.68m NOK → -7.03m NOK (equity ratio -280.9% → -832.8%). Calculated
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Cash fell
Bank deposits 314.3k NOK → 43.8k NOK (-86.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 554.90× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -832.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 914 NOK → 2.87m NOK (99% → 23% of revenue). Calculated
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COGS moved
COGS / varekostnad 2 233 NOK → 9.77m NOK (+437363.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 63.3k NOK → 0 NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 1.01 → 3. Reported fact