A O GREVSTAD EIENDOM AS: årsregnskap 2024 vs 2023
Shrank 47% on revenue, stronger earnings, cash halved-plus
approved 2025-07-01; registry 2025-08-04; journal 2025 735141
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for A O GREVSTAD EIENDOM AS. Revenue 20.26m NOK → 10.73m NOK (-47.0%). Net result +1.64m NOK → +5.84m NOK. Equity 87.44m NOK → 93.24m NOK.
On the constructive side: net result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A O GREVSTAD EIENDOM AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +1.64m NOK → +5.84m NOK (net margin 8.1% → 54.4%). Calculated
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Equity strengthened
Book equity 87.44m NOK → 93.24m NOK (equity ratio 43.8% → 48.8%). Calculated
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Owners injected capital
Paid-in equity rose 356.0k NOK → 467.5k NOK (+111.5k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 20.26m NOK to 10.73m NOK (-47.0% YoY). Calculated
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Operating result weakened
Operating result +3.56m NOK → -3.09m NOK (op. margin 17.6% → -28.8%). Calculated
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Cash fell
Bank deposits 14.16m NOK → 260.9k NOK (-98.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 4.49m NOK → 6.05m NOK (22% → 56% of revenue). Calculated
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COGS moved
COGS / varekostnad 492 NOK → 263.9k NOK (+53532.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (14.16m NOK → 260.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 10 NOK → 999.9k NOK. Reported fact