ADVANTAGE DEVELOPMENT AS: årsregnskap 2024 vs 2023
Grew 13% on revenue, slipped into loss
approved 2025-06-22; registry 2025-06-25; journal 2025 574072
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVANTAGE DEVELOPMENT AS. Revenue 1.31m NOK → 1.48m NOK (+12.9%). Net result +82.1k NOK → -103.1k NOK. Equity 31.0k NOK → -72.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVANTAGE DEVELOPMENT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.31m NOK to 1.48m NOK (+12.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 1.21×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +119.3k NOK → -70.3k NOK (op. margin 9.1% → -4.7%). Calculated
-
↓
Fell into a net loss
Net result flipped from 82.1k NOK profit to a loss of 103.1k NOK. Calculated
-
↓
Equity eroded
Book equity 31.0k NOK → -72.1k NOK (equity ratio 17429.2% → -45.2%). Calculated
-
↓
Cash fell
Bank deposits 110.9k NOK → 92.8k NOK (-16.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -45.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 264.8k NOK → 899.9k NOK (20% → 61% of revenue). Calculated