Org.nr 999 530 095 2023 → 2024 Year-over-year analysis

7OCEAN HOLDING AS: årsregnskap 2024 vs 2023

Shrank 23% on revenue, stronger earnings, cash halved-plus

approved 2025-03-17; registry 2025-03-26; journal 2025 341408

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for 7OCEAN HOLDING AS. Revenue 28.9k NOK → 22.3k NOK (-22.7%). Net result +6 996 NOK → +3.40m NOK. Equity 4.58m NOK → 1.40m NOK.

On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.

Net tougher year on the published lines.

Scorecard

Revenue
28.9k NOK 22.3k NOK
-22.7%
Operating result
+6 578 NOK -23.8k NOK
-462.3%
Net result
+6 996 NOK +3.40m NOK
+48428.6%
Equity
4.58m NOK 1.40m NOK
-69.5%
Cash
38.1k NOK 13.2k NOK
-65.4%
Total assets
1.94m NOK 4.49m NOK
+131.7%

What improved

  • ↑

    Net result improved

    Net result +6 996 NOK → +3.40m NOK (net margin 24.2% → 15193.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 28.9k NOK to 22.3k NOK (-22.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6 578 NOK → -23.8k NOK (op. margin 22.7% → -106.6%). Calculated

  • ↓

    Equity eroded

    Book equity 4.58m NOK → 1.40m NOK (equity ratio 236.2% → 31.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 38.1k NOK → 13.2k NOK (-65.4% YoY). Calculated