ADMIRAL ENERGY AS: årsregnskap 2024 vs 2023
Shrank 84% on revenue, weaker earnings
approved 2025-07-19; registry 2025-07-22; journal 2025 691435
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADMIRAL ENERGY AS. Revenue 951.6k NOK → 149.0k NOK (-84.3%). Net result +541.3k NOK → +110.3k NOK. Equity 584.7k NOK → 695.0k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADMIRAL ENERGY AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -111.0k NOK → -89.7k NOK (op. margin -11.7% → -60.2%). Calculated
-
↑
Equity strengthened
Book equity 584.7k NOK → 695.0k NOK (equity ratio 99.5% → 99.6%). Calculated
-
↑
Cash rose
Bank deposits 240.2k NOK → 311.9k NOK (+29.8% YoY). Calculated
-
↑
Payroll decreased
Salary cost 2.87m NOK → 2 NOK (302% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 951.6k NOK to 149.0k NOK (-84.3% YoY). Calculated
-
↓
Net result weakened
Net result +541.3k NOK → +110.3k NOK (net margin 56.9% → 74.1%). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 31.9k NOK → 55.7k NOK. Reported fact