4HOME GARDEN AS: årsregnskap 2024 vs 2023
Shrank 54% on revenue
approved 2025-06-17; registry 2025-07-02; journal 2025 609422
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 4HOME GARDEN AS. Revenue 3.73m NOK → 1.70m NOK (-54.4%). Net result -580.7k NOK → -664.6k NOK. Equity 327.4k NOK → -337.3k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4HOME GARDEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 67.5k NOK → 161.8k NOK (+139.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.62m NOK → 1.42m NOK (43% → 83% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.73m NOK to 1.70m NOK (-54.4% YoY). Calculated
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↓
Operating result weakened
Operating result -558.8k NOK → -663.1k NOK (op. margin -15.0% → -38.9%). Calculated
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↓
Net result weakened
Net result -580.7k NOK → -664.6k NOK (net margin -15.6% → -39.0%). Calculated
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↓
Equity eroded
Book equity 327.4k NOK → -337.3k NOK (equity ratio 32.9% → -56.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.49× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -56.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.29m NOK → 1 285 NOK (-99.9% YoY). Calculated