Org.nr 917 036 446 2023 → 2024 Year-over-year analysis

28TH PROPERTIES AS: årsregnskap 2024 vs 2023

Shrank 48% on revenue, weaker earnings, cash halved-plus

approved 2025-09-29; registry 2025-10-01; journal 2025 758406

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for 28TH PROPERTIES AS. Revenue 892.3k NOK → 468.4k NOK (-47.5%). Net result -610.5k NOK → -1.04m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for 28TH PROPERTIES AS.

At a glance

Revenue

892.3k NOK 468.4k NOK

-47.5%

Operating result

-50.4k NOK -452.4k NOK

-797.2%

Net result

-610.5k NOK -1.04m NOK

-70.0%

Equity

n/m 1.08m NOK

—

Cash

24.8k NOK 498 NOK

-98.0%

Total assets

16.00m NOK 15.21m NOK

-4.9%

↑
Payroll decreased

Salary cost 489.7k NOK → 76.5k NOK (55% → 16% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 892.3k NOK to 468.4k NOK (-47.5% YoY). Calculated
↓
Operating result weakened

Operating result -50.4k NOK → -452.4k NOK (op. margin -5.7% → -96.6%). Calculated
↓
Net result weakened

Net result -610.5k NOK → -1.04m NOK (net margin -68.4% → -221.5%). Calculated
↓
Cash fell

Bank deposits 24.8k NOK → 498 NOK (-98.0% YoY). Calculated
↓
COGS moved

COGS / varekostnad 245.5k NOK → 505.5k NOK (+105.9% YoY). Calculated