70 GRADER N TRANSPORT AS: årsregnskap 2024 vs 2023
Stronger earnings, cash halved-plus
approved 2025-05-14; registry 2025-05-31; journal 2025 486772
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 70 GRADER N TRANSPORT AS. Revenue 3.49m NOK → 3.41m NOK (-2.3%). Net result +85.5k NOK → +103.2k NOK. Equity 1 004 NOK → 1.11m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 70 GRADER N TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +117.4k NOK → +128.9k NOK (op. margin 3.4% → 3.8%). Calculated
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↑
Net result improved
Net result +85.5k NOK → +103.2k NOK (net margin 2.4% → 3.0%). Calculated
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↑
Equity strengthened
Book equity 1 004 NOK → 1.11m NOK (equity ratio 0.1% → 84.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.49m NOK to 3.41m NOK (-2.3% YoY). Calculated
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↓
Cash fell
Bank deposits 976.9k NOK → 76.7k NOK (-92.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 472.5k NOK → 2.74m NOK (14% → 80% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 569.6k NOK → 360.2k NOK (-36.8% YoY). Calculated