FirmaIQ
Org.nr 979 515 715 2023 → 2024 Year-over-year analysis

ADVENT NORWAY AS: årsregnskap 2024 vs 2023

Shrank 20% on revenue, stronger earnings

approved 2025-04-16; registry 2025-06-21; journal 2025 543637

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for ADVENT NORWAY AS. Revenue 26.25m NOK → 21.02m NOK (-19.9%). Net result +1.19m NOK → +2.81m NOK. Equity 9.51m NOK → 12.32m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVENT NORWAY AS.

At a glance

Scorecard

Revenue
26.25m NOK 21.02m NOK
-19.9%
Operating result
+2.14m NOK +3.67m NOK
+71.4%
Net result
+1.19m NOK +2.81m NOK
+136.6%
Equity
9.51m NOK 12.32m NOK
+29.5%
Cash
1.87m NOK 3.41m NOK
+82.4%
Total assets
14.25m NOK 16.85m NOK
+18.3%

What improved

  • ↑

    Operating result improved

    Operating result +2.14m NOK → +3.67m NOK (op. margin 8.2% → 17.5%). Calculated

  • ↑

    Net result improved

    Net result +1.19m NOK → +2.81m NOK (net margin 4.5% → 13.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 9.51m NOK → 12.32m NOK (equity ratio 66.8% → 73.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.87m NOK → 3.41m NOK (+82.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 15.90m NOK → 15.04m NOK (61% → 72% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 26.25m NOK to 21.02m NOK (-19.9% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 5.70m NOK → 0 NOK (-100.0% YoY). Calculated