Org.nr 921 095 651 2023 → 2024 Year-over-year analysis

AIRMINE AS: årsregnskap 2024 vs 2023

Shrank 34% on revenue, weaker earnings, cash halved-plus

approved 2025-06-20; registry 2025-06-26; journal 2025 566448

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for AIRMINE AS. Revenue 3.48m NOK → 2.29m NOK (-34.1%). Net result -5.11m NOK → -7.61m NOK. Equity 2.93m NOK → 1.69m NOK.

On the constructive side: operating result improved; owners injected capital. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AIRMINE AS.

Scorecard

Revenue
3.48m NOK 2.29m NOK
-34.1%
Operating result
-6.41m NOK -5.34m NOK
+16.7%
Net result
-5.11m NOK -7.61m NOK
-49.0%
Equity
2.93m NOK 1.69m NOK
-42.4%
Cash
3.97m NOK 1.05m NOK
-73.5%
Total assets
9.05m NOK 5.70m NOK
-37.0%

What improved

  • ↑

    Operating result improved

    Operating result -6.41m NOK → -5.34m NOK (op. margin -184.6% → -233.0%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 11.09m NOK → 17.45m NOK (+6.36m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.48m NOK to 2.29m NOK (-34.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result -5.11m NOK → -7.61m NOK (net margin -146.9% → -331.9%). Calculated

  • ↓

    Equity eroded

    Book equity 2.93m NOK → 1.69m NOK (equity ratio 32.4% → 29.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.97m NOK → 1.05m NOK (-73.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.97m NOK → 1.05m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 23.2k NOK → 3 132 NOK (-86.5% YoY). Calculated