A M AAGAARD AS: årsregnskap 2024 vs 2023
Weaker earnings
approved 2025-05-22; registry 2025-07-02; journal 2025 607970
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for A M AAGAARD AS. Revenue 9.75m NOK → 9.52m NOK (-2.3%). Net result +651.3k NOK → +325.1k NOK. Equity 301.3k NOK → 384.5k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A M AAGAARD AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 301.3k NOK → 384.5k NOK. Calculated
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↑
Cash rose
Bank deposits 33.1k NOK → 55.0k NOK (+66.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.75m NOK to 9.52m NOK (-2.3% YoY). Calculated
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↓
Operating result weakened
Operating result +808.6k NOK → +375.0k NOK (op. margin 8.3% → 3.9%). Calculated
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↓
Net result weakened
Net result +651.3k NOK → +325.1k NOK (net margin 6.7% → 3.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.34m NOK → 1.42m NOK (14% → 15% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation