8TH AVENUE AS: årsregnskap 2024 vs 2023
Weaker earnings
registry 2025-07-09; journal 2025 656234
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 8TH AVENUE AS. Revenue 2.33m NOK → 2.37m NOK (+1.5%). Net result +4.16m NOK → +189.7k NOK. Equity 50.0k NOK → 50.0k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 8TH AVENUE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.33m NOK to 2.37m NOK (+1.5% YoY). Calculated
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↑
Operating result improved
Operating result +206.2k NOK → +258.4k NOK (op. margin 8.8% → 10.9%). Calculated
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↑
Payroll decreased
Salary cost 628.7k NOK → 470.4k NOK (27% → 20% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +4.16m NOK → +189.7k NOK (net margin 178.4% → 8.0%). Calculated
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↓
Cash fell
Bank deposits 675.2k NOK → 584.9k NOK (-13.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 945.6k NOK → 931.3k NOK (-1.5% YoY). Calculated