Org.nr 929 526 678 2023 → 2024 Year-over-year analysis

1820 SKIN CLINIC AS: årsregnskap 2024 vs 2023

Grew 56% on revenue, returned to profit, cash halved-plus

registry 2025-04-26; journal 2025 388943

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for 1820 SKIN CLINIC AS. Revenue 794.8k NOK → 1.24m NOK (+55.6%). Net result -118.3k NOK → +45.3k NOK. Equity -217.1k NOK → -171.8k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 1820 SKIN CLINIC AS.

Scorecard

Revenue
794.8k NOK 1.24m NOK
+55.6%
Operating result
-98.3k NOK +72.6k NOK
+173.9%
Net result
-118.3k NOK +45.3k NOK
+138.3%
Equity
-217.1k NOK -171.8k NOK
+20.9%
Cash
84.2k NOK 39.5k NOK
-53.1%
Total assets
314.1k NOK 210.1k NOK
-33.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 794.8k NOK to 1.24m NOK (+55.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -98.3k NOK → +72.6k NOK (op. margin -12.4% → 5.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 118.3k NOK to a profit of 45.3k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -217.1k NOK → -171.8k NOK (equity ratio -69.1% → -81.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 797.4k NOK → 266.2k NOK (100% → 22% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 84.2k NOK → 39.5k NOK (-53.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -81.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 571.5k NOK → 355.6k NOK (-37.8% YoY). Calculated