ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2024 vs 2023
Grew 13% on revenue, stronger earnings, cash halved-plus
approved 2025-03-28; registry 2025-03-31; journal 2025 356941
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 5.32m NOK → 6.01m NOK (+13.0%). Net result +54.3k NOK → +193.8k NOK. Equity 1.18m NOK → 970.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVANCED ENGINEERING SYSTEMS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.32m NOK to 6.01m NOK (+13.0% YoY). Calculated
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↑
Operating result improved
Operating result +154.8k NOK → +375.3k NOK (op. margin 2.9% → 6.2%). Calculated
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↑
Net result improved
Net result +54.3k NOK → +193.8k NOK (net margin 1.0% → 3.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.18m NOK → 970.8k NOK (equity ratio 51.4% → 27.8%). Calculated
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↓
Cash fell
Bank deposits 750.2k NOK → 136.6k NOK (-81.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 968.0k NOK → 1.11m NOK (18% → 18% of revenue). Calculated