Org.nr 928 573 273 2023 → 2024 Year-over-year analysis

ADAPT IT AS: årsregnskap 2024 vs 2023

Grew 38% on revenue, weaker earnings

approved 2025-05-26; registry 2025-06-18; journal 2025 480548

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADAPT IT AS. Revenue 1.18m NOK → 1.63m NOK (+38.4%). Net result +61.6k NOK → +2 350 NOK. Equity 10.6k NOK → -35.0k NOK.

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

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADAPT IT AS.

Scorecard

Revenue
1.18m NOK 1.63m NOK
+38.4%
Operating result
+102.3k NOK +41.3k NOK
-59.6%
Net result
+61.6k NOK +2 350 NOK
-96.2%
Equity
10.6k NOK -35.0k NOK
-430.0%
Cash
6 004 NOK 171.1k NOK
+2749.6%
Total assets
51.3k NOK 292.5k NOK
+470.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.18m NOK to 1.63m NOK (+38.4% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 6 004 NOK → 171.1k NOK (+2749.6% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +102.3k NOK → +41.3k NOK (op. margin 8.7% → 2.5%). Calculated

  • ↓

    Net result weakened

    Net result +61.6k NOK → +2 350 NOK (net margin 5.2% → 0.1%). Calculated

  • ↓

    Equity eroded

    Book equity 10.6k NOK → -35.0k NOK (equity ratio 20.7% → -12.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -12.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 0 NOK → 3.11m NOK (0% → 191% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 895.3k NOK → 592.5k NOK (-33.8% YoY). Calculated