2ND HOME AS: årsregnskap 2024 vs 2023
Grew 259% on revenue, weaker earnings
approved 2025-10-29; registry 2026-04-11; journal 2026 371032
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 2ND HOME AS. Revenue 906.4k NOK → 3.25m NOK (+258.6%). Net result -437 NOK → -1.22m NOK. Equity -720.1k NOK → -1.19m NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 2ND HOME AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 906.4k NOK to 3.25m NOK (+258.6% YoY). Calculated
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Cash rose
Bank deposits -430 NOK → 10.1k NOK (+2438.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.72m NOK → 786.0k NOK (410% → 24% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -22 NOK → -1.21m NOK (op. margin -0.0% → -37.2%). Calculated
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↓
Net result weakened
Net result -437 NOK → -1.22m NOK (net margin -0.0% → -37.6%). Calculated
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↓
Equity eroded
Book equity -720.1k NOK → -1.19m NOK (equity ratio -188.5% → -1467.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1467.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 30.0k NOK → 0 NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 190.4k NOK → 61.6k NOK (-67.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 84.4k NOK → 71.1k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact