Org.nr 928 336 360 2023 → 2024 Year-over-year analysis

AF CAPITAL AS: årsregnskap 2024 vs 2023

Stronger earnings, cash halved-plus

approved 2025-06-27; registry 2025-07-08; journal 2025 644065

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for AF CAPITAL AS. Revenue 0 NOK → 600.0k NOK. Net result +17.33m NOK → +29.52m NOK. Equity 20.46m NOK → 49.98m NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for AF CAPITAL AS.

Scorecard

Revenue
0 NOK 600.0k NOK
—
Operating result
-1.53m NOK -1.53m NOK
-0.1%
Net result
+17.33m NOK +29.52m NOK
+70.3%
Equity
20.46m NOK 49.98m NOK
+144.3%
Cash
5.58m NOK 1.67m NOK
-70.1%
Total assets
22.39m NOK 192.40m NOK
+759.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 600.0k NOK. Calculated

  • ↑

    Net result improved

    Net result +17.33m NOK → +29.52m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 20.46m NOK → 49.98m NOK (equity ratio 91.4% → 26.0%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -1.53m NOK → -1.53m NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 5.58m NOK → 1.67m NOK (-70.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (5.58m NOK → 1.67m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation