Org.nr 920 243 258 2023 → 2024 Year-over-year analysis

2LATE AS: årsregnskap 2024 vs 2023

Grew 43% on revenue, weaker earnings

approved 2025-07-28; registry 2025-07-31; journal 2025 723688

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for 2LATE AS. Revenue 265.3k NOK → 380.1k NOK (+43.3%). Net result +59.6k NOK → +35.1k NOK. Equity 246.6k NOK → 181.7k NOK.

On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for 2LATE AS.

Scorecard

Revenue
265.3k NOK 380.1k NOK
+43.3%
Operating result
+69.5k NOK +52.1k NOK
-25.1%
Net result
+59.6k NOK +35.1k NOK
-41.0%
Equity
246.6k NOK 181.7k NOK
-26.3%
Cash
174.2k NOK 164.9k NOK
-5.4%
Total assets
177.4k NOK 205.8k NOK
+16.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 265.3k NOK to 380.1k NOK (+43.3% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio -2.56× → 8.56×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +69.5k NOK → +52.1k NOK (op. margin 26.2% → 13.7%). Calculated

  • ↓

    Net result weakened

    Net result +59.6k NOK → +35.1k NOK (net margin 22.4% → 9.2%). Calculated

  • ↓

    Equity eroded

    Book equity 246.6k NOK → 181.7k NOK (equity ratio 139.0% → 88.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 174.2k NOK → 164.9k NOK (-5.4% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 112.7k NOK → 224.7k NOK (+99.3% YoY). Calculated