Org.nr 916 174 195 2023 → 2024 Year-over-year analysis

ADOLFSEN SERVICE AS: årsregnskap 2024 vs 2023

Shrank 6% on revenue, stronger earnings, cash halved-plus

approved 2025-05-16; registry 2025-05-22; journal 2025 455655

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADOLFSEN SERVICE AS. Revenue 3.30m NOK → 3.12m NOK (-5.6%). Net result +106.9k NOK → +147.2k NOK. Equity 1.87m NOK → 2.02m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADOLFSEN SERVICE AS.

Scorecard

Revenue
3.30m NOK 3.12m NOK
-5.6%
Operating result
+134.5k NOK +183.2k NOK
+36.2%
Net result
+106.9k NOK +147.2k NOK
+37.7%
Equity
1.87m NOK 2.02m NOK
+7.9%
Cash
893.1k NOK 350.4k NOK
-60.8%
Total assets
2.30m NOK 2.66m NOK
+15.5%

What improved

  • ↑

    Operating result improved

    Operating result +134.5k NOK → +183.2k NOK (op. margin 4.1% → 5.9%). Calculated

  • ↑

    Net result improved

    Net result +106.9k NOK → +147.2k NOK (net margin 3.2% → 4.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.87m NOK → 2.02m NOK (equity ratio 81.2% → 75.8%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.30m NOK to 3.12m NOK (-5.6% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 893.1k NOK → 350.4k NOK (-60.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.76m NOK → 1.46m NOK (-16.9% YoY). Calculated