ADD ENERGY GROUP AS: årsregnskap 2024 vs 2023
Grew 11% on revenue, slipped into loss, cash halved-plus
approved 2025-06-26; registry 2025-07-01; journal 2025 599322
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADD ENERGY GROUP AS. Revenue 10.55m NOK → 11.75m NOK (+11.4%). Net result +9.21m NOK → -18.89m NOK. Equity 60.16m NOK → 20.41m NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADD ENERGY GROUP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.55m NOK to 11.75m NOK (+11.4% YoY). Calculated
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Operating result improved
Operating result -4.72m NOK → -2.26m NOK (op. margin -44.7% → -19.2%). Calculated
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Payroll decreased
Salary cost 2.62m NOK → 2 618 NOK (25% → 0% of revenue). Calculated
What deteriorated
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Fell into a net loss
Net result flipped from 9.21m NOK profit to a loss of 18.89m NOK. Calculated
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Equity eroded
Book equity 60.16m NOK → 20.41m NOK (equity ratio 51.8% → 22.1%). Calculated
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Cash fell
Bank deposits 649.1k NOK → 14.0k NOK (-97.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.47× → 0.71× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 11.03m NOK → 10.79m NOK (-2.2% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact