AD UNDAS AS: årsregnskap 2024 vs 2023
Grew 12% on revenue, stronger earnings
approved 2025-06-26; registry 2025-07-07; journal 2025 646583
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for AD UNDAS AS. Revenue 5.33m NOK → 5.96m NOK (+11.7%). Net result +188.8k NOK → +532.7k NOK. Equity 638.2k NOK → 170.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AD UNDAS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.33m NOK to 5.96m NOK (+11.7% YoY). Calculated
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↑
Operating result improved
Operating result +306.8k NOK → +702.9k NOK (op. margin 5.8% → 11.8%). Calculated
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Net result improved
Net result +188.8k NOK → +532.7k NOK (net margin 3.5% → 8.9%). Calculated
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Cash rose
Bank deposits 133.4k NOK → 376.1k NOK (+182.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 638.2k NOK → 170.9k NOK (equity ratio 33.3% → 9.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.01m NOK → 1.06m NOK (19% → 18% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.05m NOK → 3.21m NOK (+5.2% YoY). Calculated