ACE NORWAY AS: årsregnskap 2024 vs 2023
Grew 18% on revenue, slipped into loss, cash halved-plus
approved 2025-09-03; registry 2025-09-16; journal 2025 755407
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ACE NORWAY AS. Revenue 29.41m NOK → 34.62m NOK (+17.7%). Net result +18.40m NOK → -33.82m NOK. Equity 4.27bn NOK → 5.23bn NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACE NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 29.41m NOK to 34.62m NOK (+17.7% YoY). Calculated
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↑
Equity strengthened
Book equity 4.27bn NOK → 5.23bn NOK (equity ratio 1448.8% → 1769.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +7.53m NOK → -53.55m NOK (op. margin 25.6% → -154.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 18.40m NOK profit to a loss of 33.82m NOK. Calculated
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↓
Cash fell
Bank deposits 10.20m NOK → 2.81m NOK (-72.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 34.52× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (10.20m NOK → 2.81m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 113.38m NOK → 139.71m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact