ADRETT AS: årsregnskap 2024 vs 2023
Stronger earnings
approved 2025-03-14; registry 2025-04-07; journal 2025 354473
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADRETT AS. Revenue 22.66m NOK → 23.17m NOK (+2.2%). Net result +1.47m NOK → +5.86m NOK. Equity 7.99m NOK → 453.9k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADRETT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 22.66m NOK to 23.17m NOK (+2.2% YoY). Calculated
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↑
Net result improved
Net result +1.47m NOK → +5.86m NOK (net margin 6.5% → 25.3%). Calculated
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↑
Cash rose
Bank deposits 509.5k NOK → 1.70m NOK (+234.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.90m NOK → +1.16m NOK (op. margin 8.4% → 5.0%). Calculated
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↓
Equity eroded
Book equity 7.99m NOK → 453.9k NOK (equity ratio 113.4% → 8.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6.96m NOK → 9.28m NOK (31% → 40% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 9.36m NOK → 8.24m NOK (-12.0% YoY). Calculated