Org.nr 989 298 291 2023 → 2024 Year-over-year analysis

4HUMAN QM365 AS: årsregnskap 2024 vs 2023

Grew 16% on revenue, stronger earnings

approved 2025-06-12; registry 2025-07-01; journal 2025 604744

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for 4HUMAN QM365 AS. Revenue 18.15m NOK → 21.07m NOK (+16.1%). Net result +3.57m NOK → +4.86m NOK. Equity 763.8k NOK → 699.0k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for 4HUMAN QM365 AS.

Scorecard

Revenue
18.15m NOK 21.07m NOK
+16.1%
Operating result
+4.93m NOK +6.50m NOK
+31.9%
Net result
+3.57m NOK +4.86m NOK
+35.9%
Equity
763.8k NOK 699.0k NOK
-8.5%
Cash
410.8k NOK 774.7k NOK
+88.6%
Total assets
13.25m NOK 14.04m NOK
+6.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.15m NOK to 21.07m NOK (+16.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +4.93m NOK → +6.50m NOK (op. margin 27.1% → 30.8%). Calculated

  • ↑

    Net result improved

    Net result +3.57m NOK → +4.86m NOK (net margin 19.7% → 23.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 410.8k NOK → 774.7k NOK (+88.6% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 763.8k NOK → 699.0k NOK (equity ratio 5.8% → 5.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 9.10m NOK → 9.50m NOK (50% → 45% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 702.2k NOK → 3.72m NOK. Reported fact