ABL NORWAY AS: årsregnskap 2024 vs 2023
Grew 23% on revenue, cash halved-plus
approved 2025-06-27; registry 2025-07-01; journal 2025 598219
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ABL NORWAY AS. Revenue 16.90m NOK → 20.76m NOK (+22.8%). Net result -2.12m NOK → -2.30m NOK. Equity -16.85m NOK → -19.15m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ABL NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 16.90m NOK to 20.76m NOK (+22.8% YoY). Calculated
-
↑
Operating result improved
Operating result -916.9k NOK → -567.9k NOK (op. margin -5.4% → -2.7%). Calculated
What deteriorated
-
↓
Net result weakened
Net result -2.12m NOK → -2.30m NOK (net margin -12.5% → -11.1%). Calculated
-
↓
Equity eroded
Book equity -16.85m NOK → -19.15m NOK (equity ratio -136.0% → -261.4%). Calculated
-
↓
Cash fell
Bank deposits 4.24m NOK → 4 243 NOK (-99.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -261.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.24m NOK → 4 243 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 11.22m NOK → 11.46m NOK (66% → 55% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 3.88m NOK → 7.29m NOK (+87.9% YoY). Calculated