ADDVANT STAVANGER AS: årsregnskap 2024 vs 2023
Grew 25% on revenue, stronger earnings, fresh owner capital
approved 2025-03-28; registry 2025-04-30; journal 2025 375059
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADDVANT STAVANGER AS. Revenue 18.62m NOK → 23.26m NOK (+24.9%). Net result +1.75m NOK → +2.48m NOK. Equity 208.7k NOK → 200.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADDVANT STAVANGER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 18.62m NOK to 23.26m NOK (+24.9% YoY). Calculated
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Operating result improved
Operating result +2.25m NOK → +3.20m NOK (op. margin 12.1% → 13.7%). Calculated
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Net result improved
Net result +1.75m NOK → +2.48m NOK (net margin 9.4% → 10.7%). Calculated
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Owners injected capital
Paid-in equity rose 200 NOK → 200.0k NOK (+199.8k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 208.7k NOK → 200.0k NOK (equity ratio 4.1% → 2.7%). Calculated
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Cash fell
Bank deposits 1.37m NOK → 927.8k NOK (-32.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 11.70m NOK → 13.75m NOK (63% → 59% of revenue). Calculated
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COGS fell
COGS / varekostnad 777.0k NOK → 201.7k NOK (-74.0% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 11 → 13. Reported fact