4S LIGHTING AS: årsregnskap 2024 vs 2023
Shrank 56% on revenue, weaker earnings
approved 2025-07-24; registry 2025-08-09; journal 2025 732643
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 4S LIGHTING AS. Revenue 17.06m NOK → 7.44m NOK (-56.4%). Net result +682.0k NOK → +206.7k NOK. Equity 360.5k NOK → -1.46m NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; 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 4S LIGHTING AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +585.8k NOK → +2.80m NOK (op. margin 3.4% → 37.6%). Calculated
-
↑
Cash rose
Bank deposits 97.6k NOK → 316.9k NOK (+224.7% YoY). Calculated
-
↑
Payroll decreased
Salary cost 2.96m NOK → 435.0k NOK (17% → 6% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 17.06m NOK to 7.44m NOK (-56.4% YoY). Calculated
-
↓
Net result weakened
Net result +682.0k NOK → +206.7k NOK (net margin 4.0% → 2.8%). Calculated
-
↓
Equity eroded
Book equity 360.5k NOK → -1.46m NOK (equity ratio 14.4% → -46.1%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 8.79× → 0.42× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -46.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 2.68m NOK → 1.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 7.94m NOK → 3.32m NOK (-58.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1.24m NOK → 2.49m NOK. Reported fact