ADSERØ BILVERKSTED AS: årsregnskap 2024 vs 2023
Shrank 9% on revenue, stronger earnings, cash halved-plus
approved 2025-06-24; registry 2025-08-06; journal 2025 742600
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADSERØ BILVERKSTED AS. Revenue 14.82m NOK → 13.47m NOK (-9.1%). Net result +1.72m NOK → +4.16m NOK. Equity 3.14m NOK → 1.50m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADSERØ BILVERKSTED AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +1.72m NOK → +4.16m NOK (net margin 11.6% → 30.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.82m NOK to 13.47m NOK (-9.1% YoY). Calculated
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↓
Operating result weakened
Operating result +2.30m NOK → +305.9k NOK (op. margin 15.5% → 2.3%). Calculated
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↓
Equity eroded
Book equity 3.14m NOK → 1.50m NOK (equity ratio 36.4% → 28.3%). Calculated
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↓
Cash fell
Bank deposits 4.33m NOK → 865.2k NOK (-80.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 5.35m NOK → 6.35m NOK (36% → 47% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.33m NOK → 865.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 3.80m NOK → 3.07m NOK (-19.2% YoY). Calculated