Org.nr 966 093 994 2023 → 2024 Year-over-year analysis

ABSOLUTE BAR AS: årsregnskap 2024 vs 2023

Grew 12% on revenue, weaker earnings, cash halved-plus

approved 2025-04-24; registry 2025-04-30; journal 2025 397781

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ABSOLUTE BAR AS. Revenue 4.07m NOK → 4.54m NOK (+11.6%). Net result +262.3k NOK → +68.9k NOK. Equity 677.8k NOK → 746.7k NOK.

On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.

Scorecard

Revenue
4.07m NOK 4.54m NOK
+11.6%
Operating result
+336.0k NOK +89.3k NOK
-73.4%
Net result
+262.3k NOK +68.9k NOK
-73.7%
Equity
677.8k NOK 746.7k NOK
+10.2%
Cash
968.0k NOK 42.1k NOK
-95.7%
Total assets
118.8k NOK 1.30m NOK
+990.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.07m NOK to 4.54m NOK (+11.6% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 677.8k NOK → 746.7k NOK (equity ratio 570.7% → 57.6%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.27× → 2.22×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +336.0k NOK → +89.3k NOK (op. margin 8.3% → 2.0%). Calculated

  • ↓

    Net result weakened

    Net result +262.3k NOK → +68.9k NOK (net margin 6.4% → 1.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 968.0k NOK → 42.1k NOK (-95.7% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 130 NOK → 1.29m NOK (0% → 28% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 1.42m NOK → 1.56m NOK (+10.2% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 1.8 → 2. Reported fact