79 DEGREES SOUTH AS: årsregnskap 2024 vs 2023
Grew 54% on revenue, returned to profit
approved 2025-07-31; registry 2025-08-04; journal 2025 735564
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 79 DEGREES SOUTH AS. Revenue 277.7k NOK → 428.4k NOK (+54.3%). Net result -27.7k NOK → +100.1k NOK. Equity 219.7k NOK → 319.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 277.7k NOK to 428.4k NOK (+54.3% YoY). Calculated
-
↑
Operating result improved
Operating result -29.8k NOK → +100.1k NOK (op. margin -10.7% → 23.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 27.7k NOK to a profit of 100.1k NOK. Calculated
-
↑
Equity strengthened
Book equity 219.7k NOK → 319.8k NOK (equity ratio 51.4% → 65.1%). Calculated
-
↑
Cash rose
Bank deposits 129.8k NOK → 164.6k NOK (+26.9% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 16.1k NOK → 38.8k NOK (6% → 9% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 0 NOK → 16.1k NOK (None YoY). Calculated