Org.nr 914 743 281 2023 → 2024 Year-over-year analysis

ADVELA AS: årsregnskap 2024 vs 2023

Grew 26% on revenue, returned to profit

approved 2025-05-26; registry 2025-06-02; journal 2025 501773

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADVELA AS. Revenue 1.01m NOK → 1.28m NOK (+25.8%). Net result -349.9k NOK → +839 NOK. Equity -1.61m NOK → -1.60m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.

Also worth watching: thin equity buffer; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVELA AS.

Scorecard

Revenue
1.01m NOK 1.28m NOK
+25.8%
Operating result
-322.6k NOK +26.1k NOK
+108.1%
Net result
-349.9k NOK +839 NOK
+100.2%
Equity
-1.61m NOK -1.60m NOK
+0.1%
Cash
50.1k NOK 31.1k NOK
-37.9%
Total assets
353.3k NOK 71.8k NOK
-79.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.01m NOK to 1.28m NOK (+25.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -322.6k NOK → +26.1k NOK (op. margin -31.8% → 2.0%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 349.9k NOK to a profit of 839 NOK. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 50.1k NOK → 31.1k NOK (-37.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.36× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -2235.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 2.26m NOK → 2.32m NOK (223% → 182% of revenue). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 2 → 1. Reported fact