ADVEN NORWAY AS: årsregnskap 2024 vs 2023
Shrank 5% on revenue, stronger earnings, cash halved-plus
approved 2025-02-26; registry 2025-03-10; journal 2025 327075
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVEN NORWAY AS. Revenue 6.38m NOK → 6.04m NOK (-5.3%). Net result -2.33m NOK → -1.54m NOK. Equity 776.0k NOK → 4.94m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVEN NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +276.3k NOK → +730.1k NOK (op. margin 4.3% → 12.1%). Calculated
-
↑
Net result improved
Net result -2.33m NOK → -1.54m NOK (net margin -36.5% → -25.5%). Calculated
-
↑
Equity strengthened
Book equity 776.0k NOK → 4.94m NOK (equity ratio 2.5% → 18.9%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 6.03m NOK → 11.73m NOK (+5.70m NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.38m NOK to 6.04m NOK (-5.3% YoY). Calculated
-
↓
Cash fell
Bank deposits 5.31m NOK → 980.5k NOK (-81.6% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.31m NOK → 980.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation