ADMIRUM AS: årsregnskap 2024 vs 2023
Shrank 62% on revenue, stronger earnings, cash halved-plus
approved 2025-06-18; registry 2025-07-22; journal 2025 691583
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADMIRUM AS. Revenue 2.42m NOK → 915.2k NOK (-62.1%). Net result +42.1k NOK → +318.0k NOK. Equity 1.90m NOK → 2.22m NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADMIRUM AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +42.1k NOK → +318.0k NOK (net margin 1.7% → 34.7%). Calculated
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Equity strengthened
Book equity 1.90m NOK → 2.22m NOK (equity ratio 70.0% → 85.7%). Calculated
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Payroll decreased
Salary cost 969.1k NOK → 453.4k NOK (40% → 50% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.42m NOK to 915.2k NOK (-62.1% YoY). Calculated
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Operating result weakened
Operating result +1.28m NOK → +262.6k NOK (op. margin 53.1% → 28.7%). Calculated
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Cash fell
Bank deposits 1.39m NOK → 393.2k NOK (-71.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.39m NOK → 393.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 3.27m NOK → 186.6k NOK. Reported fact