Org.nr 923 032 150 2023 → 2024 Year-over-year analysis

ADWAY AS: årsregnskap 2024 vs 2023

Grew 38% on revenue

approved 2025-06-27; registry 2025-07-19; journal 2025 685142

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADWAY AS. Revenue 24.5k NOK → 33.7k NOK (+37.7%). Net result +1 162 NOK → +1 604 NOK. Equity -1.71m NOK → -1.71m NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADWAY AS.

Scorecard

Revenue
24.5k NOK 33.7k NOK
+37.7%
Operating result
+1 142 NOK +1 533 NOK
+34.2%
Net result
+1 162 NOK +1 604 NOK
+38.0%
Equity
-1.71m NOK -1.71m NOK
+0.1%
Cash
112.4k NOK 82.2k NOK
-26.9%
Total assets
117.6k NOK 83.1k NOK
-29.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 24.5k NOK to 33.7k NOK (+37.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1 142 NOK → +1 533 NOK (op. margin 4.7% → 4.5%). Calculated

  • ↑

    Equity strengthened

    Book equity -1.71m NOK → -1.71m NOK (equity ratio -1453.4% → -2055.2%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 112.4k NOK → 82.2k NOK (-26.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -2055.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation