ADMIRAL P AS: årsregnskap 2024 vs 2023
Shrank 34% on revenue, stronger earnings
approved 2025-06-30; registry 2025-07-02; journal 2025 619899
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADMIRAL P AS. Revenue 2.79m NOK → 1.83m NOK (-34.3%). Net result -226.3k NOK → -1 513 NOK. Equity 672.4k NOK → 670.9k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIRAL P AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -227.2k NOK → -2 830 NOK (op. margin -8.2% → -0.2%). Calculated
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Net result improved
Net result -226.3k NOK → -1 513 NOK (net margin -8.1% → -0.1%). Calculated
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Cash rose
Bank deposits 574.2k NOK → 622.7k NOK (+8.4% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.79m NOK to 1.83m NOK (-34.3% YoY). Calculated
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Equity eroded
Book equity 672.4k NOK → 670.9k NOK (equity ratio 69.2% → 79.7%). Calculated
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Payroll up without matching revenue
Salary cost 1.26m NOK → 2.83m NOK (45% → 155% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 1.44m NOK → 664.3k NOK (-53.9% YoY). Calculated