911 TURBO AS: årsregnskap 2024 vs 2023
Grew 41% on revenue, weaker earnings, cash halved-plus
approved 2025-06-30; registry 2025-07-02; journal 2025 622329
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 911 TURBO AS. Revenue 1.23m NOK → 1.73m NOK (+40.6%). Net result -100.5k NOK → -269.3k NOK. Equity -70.5k NOK → -239.5k 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; headcount (årsverk) changed. All figures are taken from the published annual accounts for 911 TURBO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.23m NOK to 1.73m NOK (+40.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -99.8k NOK → -268.1k NOK (op. margin -8.1% → -15.5%). Calculated
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↓
Net result weakened
Net result -100.5k NOK → -269.3k NOK (net margin -8.1% → -15.5%). Calculated
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↓
Equity eroded
Book equity -70.5k NOK → -239.5k NOK (equity ratio -36.6% → -251.7%). Calculated
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↓
Cash fell
Bank deposits 38.8k NOK → 7 203 NOK (-81.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -251.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 559.9k NOK → 1.18m NOK (+110.8% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 3 → 1.3. Reported fact