ADVANCED ELECTRONICS AS: årsregnskap 2024 vs 2023
Grew 8% on revenue, cash halved-plus
approved 2025-06-23; registry 2025-06-25; journal 2025 573110
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVANCED ELECTRONICS AS. Revenue 2.58m NOK → 2.78m NOK (+7.9%). Net result +563.9k NOK → +505.1k NOK. Equity 747.3k NOK → 252.4k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVANCED ELECTRONICS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.58m NOK to 2.78m NOK (+7.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.26×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +774.1k NOK → +680.0k NOK (op. margin 30.1% → 24.5%). Calculated
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↓
Net result weakened
Net result +563.9k NOK → +505.1k NOK (net margin 21.9% → 18.2%). Calculated
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↓
Equity eroded
Book equity 747.3k NOK → 252.4k NOK (equity ratio 29.2% → 9.9%). Calculated
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↓
Cash fell
Bank deposits 557.3k NOK → 248.1k NOK (-55.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 911.0k NOK → 1.33m NOK (35% → 48% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 48.0k NOK → 35.5k NOK (-25.9% YoY). Calculated