Org.nr 962 367 593 2023 → 2024 Year-over-year analysis

AB ELEKTRISK AS: årsregnskap 2024 vs 2023

Shrank 41% on revenue, weaker earnings, cash halved-plus

approved 2025-06-19; registry 2025-06-25; journal 2025 564792

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for AB ELEKTRISK AS. Revenue 13.01m NOK → 7.63m NOK (-41.4%). Net result +1.22m NOK → +118.6k NOK. Equity 218.5k NOK → 2.34m NOK.

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

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AB ELEKTRISK AS.

Scorecard

Revenue
13.01m NOK 7.63m NOK
-41.4%
Operating result
+1.57m NOK +134.5k NOK
-91.4%
Net result
+1.22m NOK +118.6k NOK
-90.3%
Equity
218.5k NOK 2.34m NOK
+969.4%
Cash
2.71m NOK 596.2k NOK
-78.0%
Total assets
6.33m NOK 5.61m NOK
-11.5%

What improved

  • ↑

    Equity strengthened

    Book equity 218.5k NOK → 2.34m NOK (equity ratio 3.4% → 41.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 5.16m NOK → 3.73m NOK (40% → 49% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 13.01m NOK to 7.63m NOK (-41.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.57m NOK → +134.5k NOK (op. margin 12.1% → 1.8%). Calculated

  • ↓

    Net result weakened

    Net result +1.22m NOK → +118.6k NOK (net margin 9.4% → 1.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.71m NOK → 596.2k NOK (-78.0% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.71m NOK → 596.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 4.56m NOK → 1.96m NOK (-56.9% YoY). Calculated