707 TECHNOLOGIES AS: årsregnskap 2024 vs 2023
Weaker earnings, cash halved-plus
approved 2025-03-31; registry 2025-05-05; journal 2025 408774
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 707 TECHNOLOGIES AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -5 342 NOK → -34.9k NOK. Equity 24.5k NOK → -10.4k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 707 TECHNOLOGIES AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -5 305 NOK → -34.9k NOK. Calculated
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↓
Net result weakened
Net result -5 342 NOK → -34.9k NOK. Calculated
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↓
Equity eroded
Book equity 24.5k NOK → -10.4k NOK (equity ratio 94.1% → -315.4%). Calculated
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↓
Cash fell
Bank deposits 18.3k NOK → 3 300 NOK (-82.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 16.93× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -315.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation