Org.nr 923 320 482 2023 → 2024 Year-over-year analysis

AET SEA SHUTTLE II AS: årsregnskap 2024 vs 2023

Grew 6% on revenue

registry 2025-07-22; journal 2025 681309

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for AET SEA SHUTTLE II AS. Revenue 44.98m NOK → 47.89m NOK (+6.5%). Net result +13.73m NOK → +11.32m NOK. Equity 140.43m NOK → 151.7k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AET SEA SHUTTLE II AS.

Scorecard

Revenue
44.98m NOK 47.89m NOK
+6.5%
Operating result
+17.88m NOK +17.28m NOK
-3.3%
Net result
+13.73m NOK +11.32m NOK
-17.5%
Equity
140.43m NOK 151.7k NOK
-99.9%
Cash
22.65m NOK 35.18m NOK
+55.3%
Total assets
281.15m NOK 279.06m NOK
-0.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 44.98m NOK to 47.89m NOK (+6.5% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 22.65m NOK → 35.18m NOK (+55.3% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +17.88m NOK → +17.28m NOK (op. margin 39.7% → 36.1%). Calculated

  • ↓

    Net result weakened

    Net result +13.73m NOK → +11.32m NOK (net margin 30.5% → 23.6%). Calculated

  • ↓

    Equity eroded

    Book equity 140.43m NOK → 151.7k NOK (equity ratio 49.9% → 0.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 9.47m NOK → 6.56m NOK. Reported fact