AGF VVS AS: årsregnskap 2024 vs 2023
Slipped into loss
approved 2025-05-19; registry 2025-06-16; journal 2025 453452
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for AGF VVS AS. Revenue 12.54m NOK → 12.58m NOK (+0.3%). Net result +70.3k NOK → -248.5k NOK. Equity 518.9k NOK → 70.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGF VVS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.54m NOK to 12.58m NOK (+0.3% YoY). Calculated
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↑
Cash rose
Bank deposits 204.2k NOK → 457.9k NOK (+124.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +96.6k NOK → -313.6k NOK (op. margin 0.8% → -2.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 70.3k NOK profit to a loss of 248.5k NOK. Calculated
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↓
Equity eroded
Book equity 518.9k NOK → 70.4k NOK (equity ratio 18.2% → 3.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.70× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.00m NOK → 2.00m NOK (8% → 16% of revenue). Calculated
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COGS moved
COGS / varekostnad 10.69m NOK → 11.27m NOK (+5.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 56.8k NOK → 46.5k NOK. Reported fact