ADVANCED CONTROL - POWER & DRIVES AS: årsregnskap 2024 vs 2023
Grew 48% on revenue, returned to profit, cash halved-plus
approved 2025-02-28; registry 2025-07-09; journal 2025 657695
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVANCED CONTROL - POWER & DRIVES AS. Revenue 2.52m NOK → 3.71m NOK (+47.7%). Net result -352.1k NOK → +470.7k NOK. Equity 10.98m NOK → 12.45m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL - POWER & DRIVES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.52m NOK to 3.71m NOK (+47.7% YoY). Calculated
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Operating result improved
Operating result +545.6k NOK → +604.3k NOK (op. margin 21.7% → 16.3%). Calculated
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Turned profitable
Net result flipped from a loss of 352.1k NOK to a profit of 470.7k NOK. Calculated
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Equity strengthened
Book equity 10.98m NOK → 12.45m NOK (equity ratio 95.7% → 93.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 68.6k NOK → 3 639 NOK (-94.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.11m NOK → 1.81m NOK (44% → 49% of revenue). Calculated
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COGS moved
COGS / varekostnad 147.1k NOK → 831.5k NOK (+465.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 4.96m NOK → 3 NOK. Reported fact