ADMIRATION AS: årsregnskap 2024 vs 2023
Grew 5% on revenue, slipped into loss, cash halved-plus
approved 2025-05-26; registry 2025-05-28; journal 2025 478274
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADMIRATION AS. Revenue 1.64m NOK → 1.73m NOK (+5.2%). Net result +39.4k NOK → -59.5k NOK. Equity -462.2k NOK → -805.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADMIRATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.64m NOK to 1.73m NOK (+5.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +84.3k NOK → +74.0k NOK (op. margin 5.1% → 4.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 39.4k NOK profit to a loss of 59.5k NOK. Calculated
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↓
Equity eroded
Book equity -462.2k NOK → -805.2k NOK (equity ratio -110.0% → -168.2%). Calculated
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↓
Cash fell
Bank deposits 49.8k NOK → 19.0k NOK (-61.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -168.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 41.7k NOK. Reported fact