Org.nr 915 813 860 2023 → 2024 Year-over-year analysis

ADVENIT AS: årsregnskap 2024 vs 2023

Grew 8% on revenue, stronger earnings, cash halved-plus

approved 2025-01-24; registry 2025-05-28; journal 2025 435171

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADVENIT AS. Revenue 10.74m NOK → 11.58m NOK (+7.8%). Net result +679.6k NOK → +2.31m NOK. Equity 3.09m NOK → 2.91m NOK.

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

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVENIT AS.

Scorecard

Revenue
10.74m NOK 11.58m NOK
+7.8%
Operating result
+1.64m NOK +1.95m NOK
+19.1%
Net result
+679.6k NOK +2.31m NOK
+240.0%
Equity
3.09m NOK 2.91m NOK
-5.7%
Cash
3.21m NOK 1.48m NOK
-53.8%
Total assets
8.65m NOK 9.63m NOK
+11.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.74m NOK to 11.58m NOK (+7.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.64m NOK → +1.95m NOK (op. margin 15.3% → 16.9%). Calculated

  • ↑

    Net result improved

    Net result +679.6k NOK → +2.31m NOK (net margin 6.3% → 20.0%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 3.09m NOK → 2.91m NOK (equity ratio 35.7% → 30.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.21m NOK → 1.48m NOK (-53.8% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.20× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 2.86m NOK → 3.22m NOK (+12.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 862.2k NOK → 4.13m NOK. Reported fact