Org.nr 925 615 722 2023 → 2024 Year-over-year analysis

ADVANCE ENGINEERING AS: årsregnskap 2024 vs 2023

A steady year on the published lines

approved 2025-02-02; registry 2025-02-04; journal 2025 305213

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADVANCE ENGINEERING AS. Revenue 2.55m NOK → 2.64m NOK (+3.4%). Net result +1.19m NOK → +1.18m NOK. Equity 30.0k NOK → 30.0k NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
2.55m NOK 2.64m NOK
+3.4%
Operating result
+1.52m NOK +1.50m NOK
-1.5%
Net result
+1.19m NOK +1.18m NOK
-0.4%
Equity
30.0k NOK 30.0k NOK
0.0%
Cash
1.63m NOK 1.51m NOK
-7.2%
Total assets
1.89m NOK 1.81m NOK
-4.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.55m NOK to 2.64m NOK (+3.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.97m NOK → 3 NOK (156% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.52m NOK → +1.50m NOK (op. margin 59.7% → 56.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.63m NOK → 1.51m NOK (-7.2% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.01× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated