A PEDERSEN & SØNN AS: årsregnskap 2024 vs 2023
Grew 69% on revenue, stronger earnings, cash halved-plus
approved 2026-01-31; registry 2026-02-17; journal 2026 310995
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for A PEDERSEN & SØNN AS. Revenue 20.66m NOK → 34.92m NOK (+69.0%). Net result +1.69m NOK → +2.53m NOK. Equity 20.17m NOK → 18.52m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for A PEDERSEN & SØNN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.66m NOK to 34.92m NOK (+69.0% YoY). Calculated
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Operating result improved
Operating result +4.48m NOK → +5.10m NOK (op. margin 21.7% → 14.6%). Calculated
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Net result improved
Net result +1.69m NOK → +2.53m NOK (net margin 8.2% → 7.2%). Calculated
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Payroll decreased
Salary cost 8 342 NOK → 1 416 NOK (0% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 20.17m NOK → 18.52m NOK (equity ratio 30.2% → 36.2%). Calculated
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Cash fell
Bank deposits 2.43m NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.43m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 574.9k NOK → 941.1k NOK (+63.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 11.62m NOK → 29.84m NOK. Reported fact