ADVANCED INNOVATIONS AS: årsregnskap 2024 vs 2023
Grew 26% on revenue, stronger earnings, cash halved-plus
registry 2025-07-01; journal 2025 603500
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVANCED INNOVATIONS AS. Revenue 149.6k NOK → 187.9k NOK (+25.6%). Net result -110.2k NOK → -83.0k NOK. Equity 38.4k NOK → -44.5k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED INNOVATIONS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 149.6k NOK to 187.9k NOK (+25.6% YoY). Calculated
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Net result improved
Net result -110.2k NOK → -83.0k NOK (net margin -73.7% → -44.1%). Calculated
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Payroll decreased
Salary cost 2.17m NOK → 234.3k NOK (1450% → 125% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result -106.9k NOK → -107.3k NOK (op. margin -71.4% → -57.1%). Calculated
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Equity eroded
Book equity 38.4k NOK → -44.5k NOK (equity ratio 151.8% → -222.7%). Calculated
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Cash fell
Bank deposits 28.7k NOK → -2 337 NOK (-108.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -222.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation