ABELSETH & CO AS: årsregnskap 2024 vs 2023
Grew 14% on revenue, weaker earnings, cash halved-plus
approved 2025-04-22; registry 2025-04-26; journal 2025 387869
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ABELSETH & CO AS. Revenue 872.2k NOK → 991.7k NOK (+13.7%). Net result +670.4k NOK → +80.6k NOK. Equity 5.46m NOK → 6.54m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABELSETH & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 872.2k NOK to 991.7k NOK (+13.7% YoY). Calculated
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↑
Operating result improved
Operating result +748.2k NOK → +864.8k NOK (op. margin 85.8% → 87.2%). Calculated
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↑
Equity strengthened
Book equity 5.46m NOK → 6.54m NOK (equity ratio 95.8% → 83.8%). Calculated
What deteriorated
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↓
Net result weakened
Net result +670.4k NOK → +80.6k NOK (net margin 76.9% → 8.1%). Calculated
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↓
Cash fell
Bank deposits 340.5k NOK → 160.9k NOK (-52.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.48× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 25.9k NOK → 2 060 NOK (-92.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 570.2k NOK → 4.94m NOK. Reported fact