1891 HOLDING AS: årsregnskap 2024 vs 2023
Shrank 20% on revenue, weaker earnings, cash halved-plus
approved 2025-06-02; registry 2025-06-12; journal 2025 514115
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 1891 HOLDING AS. Revenue 367.5k NOK → 294.0k NOK (-20.0%). Net result +56.77m NOK → +7.08m NOK. Equity 118.75m NOK → 125.83m NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 1891 HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -5.91m NOK → -1.65m NOK (op. margin -1609.2% → -560.9%). Calculated
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Equity strengthened
Book equity 118.75m NOK → 125.83m NOK (equity ratio 100.0% → 97.2%). Calculated
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Current ratio back above 1×
Current ratio -2456.53× → 27.43×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 367.5k NOK to 294.0k NOK (-20.0% YoY). Calculated
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Net result weakened
Net result +56.77m NOK → +7.08m NOK (net margin 15448.5% → 2408.1%). Calculated
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Cash fell
Bank deposits 26.89m NOK → 10.19m NOK (-62.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (26.89m NOK → 10.19m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 7.76m NOK → 10.67m NOK. Reported fact