Org.nr 898 734 242 2023 → 2024 Year-over-year analysis

ACE WELL TECHNOLOGY AS: årsregnskap 2024 vs 2023

Grew 16% on revenue, weaker earnings

approved 2025-06-11; registry 2025-07-07; journal 2025 633770

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ACE WELL TECHNOLOGY AS. Revenue 88.55m NOK → 102.82m NOK (+16.1%). Net result +16.50m NOK → +11.82m NOK. Equity 42.04m NOK → 53.87m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACE WELL TECHNOLOGY AS.

Scorecard

Revenue
88.55m NOK 102.82m NOK
+16.1%
Operating result
+16.40m NOK +10.89m NOK
-33.6%
Net result
+16.50m NOK +11.82m NOK
-28.3%
Equity
42.04m NOK 53.87m NOK
+28.1%
Total assets
65.53m NOK 97.38m NOK
+48.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 88.55m NOK to 102.82m NOK (+16.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 42.04m NOK → 53.87m NOK (equity ratio 64.2% → 55.3%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +16.40m NOK → +10.89m NOK (op. margin 18.5% → 10.6%). Calculated

  • ↓

    Net result weakened

    Net result +16.50m NOK → +11.82m NOK (net margin 18.6% → 11.5%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 15.10m NOK → 33.47m NOK (17% → 33% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 35.62m NOK → 33.33m NOK (-6.4% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 0 → 13. Reported fact