ADVANCE FORSIKRING AS: årsregnskap 2024 vs 2023
Shrank 68% on revenue, slipped into loss
approved 2025-06-30; registry 2025-08-04; journal 2025 737956
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVANCE FORSIKRING AS. Revenue 784.3k NOK → 247.6k NOK (-68.4%). Net result +12.6k NOK → -265.6k NOK. Equity 42.6k NOK → -223.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCE FORSIKRING AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.70m NOK → 2 NOK (344% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 784.3k NOK to 247.6k NOK (-68.4% YoY). Calculated
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↓
Operating result weakened
Operating result +16.1k NOK → -264.7k NOK (op. margin 2.1% → -106.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 12.6k NOK profit to a loss of 265.6k NOK. Calculated
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↓
Equity eroded
Book equity 42.6k NOK → -223.0k NOK (equity ratio 20.2% → -96.3%). Calculated
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↓
Cash fell
Bank deposits 99.4k NOK → 77.1k NOK (-22.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -96.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation