Org.nr 922 633 878 2023 → 2024 Year-over-year analysis

ADVANCE AS: årsregnskap 2024 vs 2023

Stronger earnings, cash halved-plus

approved 2025-04-15; registry 2025-07-16; journal 2025 678827

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for ADVANCE AS. Net result -146.9k NOK → -69.6k NOK. Equity 94.9k NOK → 25.3k NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVANCE AS.

At a glance

Revenue

294.1k NOK n/m

—

Operating result

-119.1k NOK -67.5k NOK

+43.3%

Net result

-146.9k NOK -69.6k NOK

+52.6%

Equity

94.9k NOK 25.3k NOK

-73.3%

Cash

10.3k NOK 1 003 NOK

-90.3%

Total assets

116.1k NOK 30.2k NOK

-73.9%

↑
Operating result improved

Operating result -119.1k NOK → -67.5k NOK. Calculated
↑
Net result improved

Net result -146.9k NOK → -69.6k NOK. Calculated

↓
Equity eroded

Book equity 94.9k NOK → 25.3k NOK (equity ratio 81.7% → 83.7%). Calculated
↓
Cash fell

Bank deposits 10.3k NOK → 1 003 NOK (-90.3% YoY). Calculated

·
Book investments changed

Investment / intangible book value 95.1k NOK → 29.1k NOK. Reported fact