Org.nr 928 528 251 2023 → 2024 Year-over-year analysis

78 DEGREES NORTH AS: årsregnskap 2024 vs 2023

Grew 11% on revenue, returned to profit

approved 2025-05-19; registry 2025-05-24; journal 2025 463614

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for 78 DEGREES NORTH AS. Revenue 4.08m NOK → 4.54m NOK (+11.5%). Net result -268.0k NOK → +293.8k NOK. Equity -438.2k NOK → -144.4k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for 78 DEGREES NORTH AS.

Scorecard

Revenue
4.08m NOK 4.54m NOK
+11.5%
Operating result
-257.4k NOK +266.6k NOK
+203.6%
Net result
-268.0k NOK +293.8k NOK
+209.6%
Equity
-438.2k NOK -144.4k NOK
+67.1%
Cash
71.9k NOK 251.6k NOK
+249.8%
Total assets
271.0k NOK 587.9k NOK
+117.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.08m NOK to 4.54m NOK (+11.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -257.4k NOK → +266.6k NOK (op. margin -6.3% → 5.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 268.0k NOK to a profit of 293.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -438.2k NOK → -144.4k NOK (equity ratio -161.7% → -24.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 71.9k NOK → 251.6k NOK (+249.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 8 290 NOK → 25.3k NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 5.98 → 4.78. Reported fact