Org.nr 988 744 301 2023 → 2024 Year-over-year analysis

AJB HOLDING AS: årsregnskap 2024 vs 2023

Grew 24% on revenue, stronger earnings

approved 2025-07-02; registry 2025-07-07; journal 2025 642793

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for AJB HOLDING AS. Revenue 96.9k NOK → 120.2k NOK (+24.0%). Net result +8.57m NOK → +14.85m NOK. Equity 8.16m NOK → 1.45m NOK.

On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.

Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for AJB HOLDING AS.

Scorecard

Revenue
96.9k NOK 120.2k NOK
+24.0%
Operating result
+1 161 NOK -455.9k NOK
-39365.2%
Net result
+8.57m NOK +14.85m NOK
+73.4%
Equity
8.16m NOK 1.45m NOK
-82.2%
Cash
98.0k NOK 627.7k NOK
+540.4%
Total assets
8.62m NOK 21.93m NOK
+154.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 96.9k NOK to 120.2k NOK (+24.0% YoY). Calculated

  • ↑

    Net result improved

    Net result +8.57m NOK → +14.85m NOK (net margin 8841.9% → 12358.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 98.0k NOK → 627.7k NOK (+540.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1 161 NOK → -455.9k NOK (op. margin 1.2% → -379.3%). Calculated

  • ↓

    Equity eroded

    Book equity 8.16m NOK → 1.45m NOK (equity ratio 94.7% → 6.6%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 11.35× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 826.1k NOK → 466.1k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 862.4k NOK → 1.34m NOK. Reported fact