ADEKVAT VVS AS: årsregnskap 2024 vs 2023
Shrank 25% on revenue, weaker earnings, cash halved-plus
approved 2025-05-24; registry 2025-06-04; journal 2025 515353
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADEKVAT VVS AS. Revenue 4.67m NOK → 3.49m NOK (-25.2%). Net result +363.1k NOK → +102.7k NOK. Equity 979.9k NOK → 697.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADEKVAT VVS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.82m NOK → 1.52m NOK (39% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.67m NOK to 3.49m NOK (-25.2% YoY). Calculated
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↓
Operating result weakened
Operating result +413.5k NOK → +157.8k NOK (op. margin 8.9% → 4.5%). Calculated
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↓
Net result weakened
Net result +363.1k NOK → +102.7k NOK (net margin 7.8% → 2.9%). Calculated
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↓
Equity eroded
Book equity 979.9k NOK → 697.5k NOK (equity ratio 47.3% → 38.7%). Calculated
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↓
Cash fell
Bank deposits 659.5k NOK → 300.3k NOK (-54.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.20m NOK → 1.15m NOK (-4.4% YoY). Calculated