Org.nr 911 928 965 2023 → 2024 Year-over-year analysis

ADAPA SYSTEMS AS: årsregnskap 2024 vs 2023

Shrank 100% on revenue, stronger earnings, cash halved-plus

approved 2025-06-30; registry 2026-03-09; journal 2026 330366

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADAPA SYSTEMS AS. Revenue 59.5k NOK → 0 NOK (-100.0%). Net result -152.2k NOK → -99.2k NOK. Equity -1.80m NOK → -2.05m NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADAPA SYSTEMS AS.

Scorecard

Revenue
59.5k NOK 0 NOK
-100.0%
Operating result
-194.5k NOK -99.1k NOK
+49.0%
Net result
-152.2k NOK -99.2k NOK
+34.8%
Equity
-1.80m NOK -2.05m NOK
-13.8%
Cash
86.3k NOK 38.6k NOK
-55.3%
Total assets
246.8k NOK 71.2k NOK
-71.2%

What improved

  • ↑

    Operating result improved

    Operating result -194.5k NOK → -99.1k NOK. Calculated

  • ↑

    Net result improved

    Net result -152.2k NOK → -99.2k NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 59.5k NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -1.80m NOK → -2.05m NOK (equity ratio -729.6% → -2877.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 86.3k NOK → 38.6k NOK (-55.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -2877.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 113.4k NOK → 91.1k NOK (-19.6% YoY). Calculated