A SUBSEA AS: årsregnskap 2024 vs 2023
Grew 769846% on revenue, stronger earnings
approved 2025-05-30; registry 2025-06-03; journal 2025 511148
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for A SUBSEA AS. Revenue 1 890 NOK → 14.55m NOK (+769845.9%). Net result +150.1k NOK → +292.1k NOK. Equity 3.18m NOK → 472.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for A SUBSEA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 890 NOK to 14.55m NOK (+769845.9% YoY). Calculated
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Operating result improved
Operating result +192.7k NOK → +383.3k NOK (op. margin 10194.3% → 2.6%). Calculated
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Net result improved
Net result +150.1k NOK → +292.1k NOK (net margin 7939.6% → 2.0%). Calculated
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Cash rose
Bank deposits 544.4k NOK → 704.3k NOK (+29.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.18m NOK → 472.2k NOK (equity ratio 269.5% → 34.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 167 NOK → 4.09m NOK (62% → 28% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 388.7k NOK → 276.7k NOK (-28.8% YoY). Calculated