Org.nr 996 261 824 2023 → 2024 Year-over-year analysis

7OCEAN AS: årsregnskap 2024 vs 2023

Grew 89% on revenue, stronger earnings

approved 2025-03-07; registry 2025-03-19; journal 2025 336695

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for 7OCEAN AS. Revenue 24.43m NOK → 46.08m NOK (+88.6%). Net result +305.5k NOK → +4.39m NOK. Equity 1.27m NOK → 2.66m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for 7OCEAN AS.

Scorecard

Revenue
24.43m NOK 46.08m NOK
+88.6%
Operating result
n/m +6.10m NOK
—
Net result
+305.5k NOK +4.39m NOK
+1337.9%
Equity
1.27m NOK 2.66m NOK
+109.8%
Cash
4.34m NOK 11.69m NOK
+169.4%
Total assets
11.82m NOK 17.62m NOK
+49.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 24.43m NOK to 46.08m NOK (+88.6% YoY). Calculated

  • ↑

    Net result improved

    Net result +305.5k NOK → +4.39m NOK (net margin 1.3% → 9.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.27m NOK → 2.66m NOK (equity ratio 10.7% → 15.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 4.34m NOK → 11.69m NOK (+169.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 18.11m NOK → 33.16m NOK (74% → 72% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 304.3k NOK → 124.8k NOK. Reported fact