ADMINI EP AS: årsregnskap 2024 vs 2023
Grew 885% on revenue, slipped into loss
approved 2025-07-04; registry 2025-07-07; journal 2025 646006
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADMINI EP AS. Revenue 833.0k NOK → 8.21m NOK (+885.4%). Net result +286.8k NOK → -121.8k NOK. Equity 336.3k NOK → 238.2k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADMINI EP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 833.0k NOK to 8.21m NOK (+885.4% YoY). Calculated
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Owners injected capital
Paid-in equity rose 1.61m NOK → 1.63m NOK (+23.6k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +937.5k NOK → +415.0k NOK (op. margin 112.5% → 5.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 286.8k NOK profit to a loss of 121.8k NOK. Calculated
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↓
Equity eroded
Book equity 336.3k NOK → 238.2k NOK (equity ratio 2.8% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 631.5k NOK → 361.9k NOK (-42.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.60× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 851 NOK → 3.68m NOK (0% → 45% of revenue). Calculated
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COGS moved
COGS / varekostnad 1.48m NOK → 2.13m NOK (+44.1% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 0 → 6. Reported fact