Org.nr 931 689 533 2023 → 2024 Year-over-year analysis

69 GRADER RØR AS: årsregnskap 2024 vs 2023

Grew 123% on revenue, slipped into loss

approved 2025-05-28; registry 2025-06-14; journal 2025 536924

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for 69 GRADER RØR AS. Revenue 2.56m NOK → 5.70m NOK (+122.6%). Net result +223.7k NOK → -97.1k NOK. Equity 248.1k NOK → 151.0k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for 69 GRADER RØR AS.

Scorecard

Revenue
2.56m NOK 5.70m NOK
+122.6%
Operating result
+284.8k NOK -33.7k NOK
-111.8%
Net result
+223.7k NOK -97.1k NOK
-143.4%
Equity
248.1k NOK 151.0k NOK
-39.2%
Cash
615.3k NOK 443.7k NOK
-27.9%
Total assets
1.04m NOK 1.30m NOK
+24.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.56m NOK to 5.70m NOK (+122.6% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +284.8k NOK → -33.7k NOK (op. margin 11.1% → -0.6%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 223.7k NOK profit to a loss of 97.1k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 248.1k NOK → 151.0k NOK (equity ratio 23.8% → 11.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 615.3k NOK → 443.7k NOK (-27.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.19× → 0.36× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 969.8k NOK → 896.6k NOK (-7.5% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 1 → 2.3. Reported fact