ADGO AS: årsregnskap 2024 vs 2023
Shrank 42% on revenue, cash halved-plus
approved 2025-07-31; registry 2025-08-06; journal 2025 741976
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADGO AS. Revenue 281.4k NOK → 162.7k NOK (-42.2%). Net result -948.9k NOK → -844.1k NOK. Equity -950.5k NOK → -1.79m 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. All figures are taken from the published annual accounts for ADGO AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -948.9k NOK → -844.1k NOK (op. margin -337.2% → -518.9%). Calculated
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Net result improved
Net result -948.9k NOK → -844.1k NOK (net margin -337.2% → -518.9%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 281.4k NOK to 162.7k NOK (-42.2% YoY). Calculated
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Equity eroded
Book equity -950.5k NOK → -1.79m NOK (equity ratio -4143.6% → -11548.2%). Calculated
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Cash fell
Bank deposits 17.9k NOK → 6 866 NOK (-61.7% YoY). Calculated
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Payroll up without matching revenue
Salary cost 987.2k NOK → 2.88m NOK (351% → 1769% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11548.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation