90 GRADER AS: årsregnskap 2024 vs 2023
Grew 275% on revenue, weaker earnings, cash halved-plus
approved 2025-06-17; registry 2025-07-29; journal 2025 661970
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 90 GRADER AS. Revenue 8.70m NOK → 32.59m NOK (+274.5%). Net result +330.9k NOK → +241.3k NOK. Equity 795.0k NOK → 36.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for 90 GRADER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.70m NOK to 32.59m NOK (+274.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +467.2k NOK → +450.2k NOK (op. margin 5.4% → 1.4%). Calculated
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↓
Net result weakened
Net result +330.9k NOK → +241.3k NOK (net margin 3.8% → 0.7%). Calculated
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↓
Equity eroded
Book equity 795.0k NOK → 36.3k NOK (equity ratio 20.3% → 0.5%). Calculated
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↓
Cash fell
Bank deposits 304.7k NOK → 63.2k NOK (-79.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 1.49m NOK → 14.36m NOK (+866.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 56.7k NOK → 20.9k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 8 → 19. Reported fact