ABEL TECHNOLOGIES AS: årsregnskap 2024 vs 2023
Shrank 83% on revenue, stronger earnings, cash halved-plus
approved 2025-06-24; registry 2025-07-09; journal 2025 651453
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ABEL TECHNOLOGIES AS. Revenue 57.19m NOK → 9.71m NOK (-83.0%). Net result +41.4k NOK → +467.4k NOK. Equity 19.08m NOK → 32.95m 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; cogs fell. All figures are taken from the published annual accounts for ABEL TECHNOLOGIES AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +41.4k NOK → +467.4k NOK (net margin 0.1% → 4.8%). Calculated
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Equity strengthened
Book equity 19.08m NOK → 32.95m NOK (equity ratio 88.2% → 72.0%). Calculated
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Owners injected capital
Paid-in equity rose 19.04m NOK → 32.44m NOK (+13.40m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 57.19m NOK to 9.71m NOK (-83.0% YoY). Calculated
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Operating result weakened
Operating result +38.5k NOK → -16.56m NOK (op. margin 0.1% → -170.6%). Calculated
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Cash fell
Bank deposits 5.21m NOK → 1.47m NOK (-71.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2.29m NOK → 8.07m NOK (4% → 83% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.21m NOK → 1.47m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 49.46m NOK → 2.58m NOK (-94.8% YoY). Calculated