Org.nr 890 002 552 2023 → 2024 Year-over-year analysis

A. THORESEN SERVICEVERKSTED AS: årsregnskap 2024 vs 2023

Shrank 6% on revenue, weaker earnings

approved 2025-06-25; registry 2025-06-30; journal 2025 590078

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for A. THORESEN SERVICEVERKSTED AS. Revenue 27.29m NOK → 25.77m NOK (-5.6%). Net result +4.68m NOK → +1.34m NOK. Equity 20.32m NOK → 20.67m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. THORESEN SERVICEVERKSTED AS.

Scorecard

Revenue
27.29m NOK 25.77m NOK
-5.6%
Operating result
+785.1k NOK +530.9k NOK
-32.4%
Net result
+4.68m NOK +1.34m NOK
-71.3%
Equity
20.32m NOK 20.67m NOK
+1.7%
Cash
2.00m NOK 6.31m NOK
+215.6%
Total assets
25.75m NOK 28.91m NOK
+12.3%

What improved

  • ↑

    Equity strengthened

    Book equity 20.32m NOK → 20.67m NOK (equity ratio 78.9% → 71.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.00m NOK → 6.31m NOK (+215.6% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.64m NOK → 4.05m NOK (17% → 16% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 27.29m NOK to 25.77m NOK (-5.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +785.1k NOK → +530.9k NOK (op. margin 2.9% → 2.1%). Calculated

  • ↓

    Net result weakened

    Net result +4.68m NOK → +1.34m NOK (net margin 17.2% → 5.2%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 19.97m NOK → 17.40m NOK (-12.9% YoY). Calculated