AGRITECH AS: årsregnskap 2024 vs 2023
Grew 105% on revenue, slipped into loss, cash halved-plus
approved 2025-06-20; registry 2025-07-08; journal 2025 652329
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for AGRITECH AS. Revenue 1.78m NOK → 3.65m NOK (+104.9%). Net result +54.6k NOK → -48.3k NOK. Equity 98.1k NOK → 48.5k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGRITECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.78m NOK to 3.65m NOK (+104.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.75m NOK → 2 NOK (154% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +83.4k NOK → -46.8k NOK (op. margin 4.7% → -1.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 54.6k NOK profit to a loss of 48.3k NOK. Calculated
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↓
Equity eroded
Book equity 98.1k NOK → 48.5k NOK (equity ratio 18.4% → 6.9%). Calculated
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↓
Cash fell
Bank deposits 325.2k NOK → 151.0k NOK (-53.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.97× — 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 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 393.6k NOK → 345.4k NOK (-12.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 90.9k NOK → 66.6k NOK. Reported fact