A C SMITH EIENDOM AS: årsregnskap 2024 vs 2023
Weaker earnings, cash halved-plus
registry 2025-03-10; journal 2025 326763
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for A C SMITH EIENDOM AS. Revenue 1.10m NOK → 1.14m NOK (+3.8%). Net result +707.4k NOK → +504.5k NOK. Equity 4.74m NOK → 5.34m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A C SMITH EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.10m NOK to 1.14m NOK (+3.8% YoY). Calculated
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↑
Equity strengthened
Book equity 4.74m NOK → 5.34m NOK (equity ratio 58.3% → 95.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +837.0k NOK → +584.7k NOK (op. margin 76.1% → 51.2%). Calculated
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↓
Net result weakened
Net result +707.4k NOK → +504.5k NOK (net margin 64.3% → 44.2%). Calculated
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↓
Cash fell
Bank deposits 3.17m NOK → 679.8k NOK (-78.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.17m NOK → 679.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation