ADLER CAPITAL AS: årsregnskap 2024 vs 2023
Shrank 40% on revenue, weaker earnings, cash halved-plus
approved 2025-02-13; registry 2025-02-24; journal 2025 314084
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADLER CAPITAL AS. Revenue 678.9k NOK → 410.4k NOK (-39.5%). Net result +368.4k NOK → +134.7k NOK. Equity -315.7k NOK → -181.0k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADLER CAPITAL AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -315.7k NOK → -181.0k NOK (equity ratio -97.9% → -119.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 678.9k NOK to 410.4k NOK (-39.5% YoY). Calculated
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↓
Operating result weakened
Operating result +409.3k NOK → +173.9k NOK (op. margin 60.3% → 42.4%). Calculated
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↓
Net result weakened
Net result +368.4k NOK → +134.7k NOK (net margin 54.3% → 32.8%). Calculated
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↓
Cash fell
Bank deposits 7 765 NOK → 3 827 NOK (-50.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -119.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 140.0k NOK → 39.8k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 1 → 0.5. Reported fact