4SERVICE GRUPPEN AS: årsregnskap 2024 vs 2023
Grew 15% on revenue, weaker earnings, cash halved-plus
registry 2025-07-12; journal 2025 660061
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 4SERVICE GRUPPEN AS. Revenue 77.29m NOK → 89.21m NOK (+15.4%). Net result +195.40m NOK → +47.39m NOK. Equity 8.56bn NOK → 9.60bn NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for 4SERVICE GRUPPEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 77.29m NOK to 89.21m NOK (+15.4% YoY). Calculated
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↑
Equity strengthened
Book equity 8.56bn NOK → 9.60bn NOK (equity ratio 470.7% → 449.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -30.42m NOK → -137.14m NOK (op. margin -39.4% → -153.7%). Calculated
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↓
Net result weakened
Net result +195.40m NOK → +47.39m NOK (net margin 252.8% → 53.1%). Calculated
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↓
Cash fell
Bank deposits 9.81m NOK → 2 324 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (9.81m NOK → 2 324 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 31.02m NOK → 3.14bn NOK (40% → 3520% of revenue). Calculated
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Book investments changed
Investment / intangible book value 161.9k NOK → 1.68bn NOK. Reported fact