88 HOLDING AS: årsregnskap 2024 vs 2023
Shrank 49% on revenue, returned to profit
approved 2025-06-24; registry 2025-06-30; journal 2025 589746
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 88 HOLDING AS. Revenue 1.95m NOK → 992.1k NOK (-49.2%). Net result -193.2k NOK → +476.1k NOK. Equity 9.48m NOK → 9.95m NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 88 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 193.2k NOK to a profit of 476.1k NOK. Calculated
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↑
Equity strengthened
Book equity 9.48m NOK → 9.95m NOK (equity ratio 23.2% → 24.3%). Calculated
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↑
Cash rose
Bank deposits 336.1k NOK → 360.7k NOK (+7.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.95m NOK to 992.1k NOK (-49.2% YoY). Calculated
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↓
Operating result weakened
Operating result +743.2k NOK → -1.29m NOK (op. margin 38.0% → -129.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 965.5k NOK → 991.0k NOK (49% → 100% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 7 277 NOK → 0 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 551.2k NOK → 400.0k NOK. Reported fact