4X4 ADVENTURE AS: årsregnskap 2024 vs 2023
Shrank 33% on revenue, weaker earnings, cash halved-plus
registry 2025-07-12; journal 2025 664742
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 4X4 ADVENTURE AS. Revenue 348.0k NOK → 232.4k NOK (-33.2%). Net result -20.4k NOK → -42.1k NOK. Equity 29.6k NOK → -12.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4X4 ADVENTURE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1 171 NOK → -68.5k NOK (0% → -29% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 348.0k NOK to 232.4k NOK (-33.2% YoY). Calculated
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↓
Operating result weakened
Operating result -19.9k NOK → -35.4k NOK (op. margin -5.7% → -15.2%). Calculated
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↓
Net result weakened
Net result -20.4k NOK → -42.1k NOK (net margin -5.9% → -18.1%). Calculated
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↓
Equity eroded
Book equity 29.6k NOK → -12.6k NOK (equity ratio 9.8% → -6.0%). Calculated
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↓
Cash fell
Bank deposits 14.9k NOK → 4 119 NOK (-72.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation