AGH ENGINEERING AS: årsregnskap 2024 vs 2023
Shrank 61% on revenue, returned to profit
approved 2025-05-08; registry 2025-06-04; journal 2025 515918
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for AGH ENGINEERING AS. Revenue 2.21m NOK → 867.9k NOK (-60.7%). Net result -106.1k NOK → +124.7k NOK. Equity 169.3k NOK → 294.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for AGH ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -105.9k NOK → +119.1k NOK (op. margin -4.8% → 13.7%). Calculated
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Turned profitable
Net result flipped from a loss of 106.1k NOK to a profit of 124.7k NOK. Calculated
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Equity strengthened
Book equity 169.3k NOK → 294.0k NOK (equity ratio 24.6% → 55.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.21m NOK to 867.9k NOK (-60.7% YoY). Calculated
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Cash fell
Bank deposits 525.2k NOK → 319.8k NOK (-39.1% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.72m NOK → 2.47m NOK (78% → 285% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 159.6k NOK → 17.4k NOK (-89.1% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 2.45 → 1.8. Reported fact