AJO SERVICE AS: årsregnskap 2024 vs 2023
Shrank 30% on revenue, weaker earnings
approved 2025-06-13; registry 2025-06-16; journal 2025 541824
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for AJO SERVICE AS. Revenue 2.65m NOK → 1.86m NOK (-30.0%). Net result +653.9k NOK → +420.6k NOK. Equity 30.0k NOK → -99.4k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AJO SERVICE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 211.3k NOK → 240.5k NOK (+13.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 6.23×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.65m NOK to 1.86m NOK (-30.0% YoY). Calculated
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↓
Operating result weakened
Operating result +841.5k NOK → +555.8k NOK (op. margin 31.7% → 29.9%). Calculated
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↓
Net result weakened
Net result +653.9k NOK → +420.6k NOK (net margin 24.7% → 22.7%). Calculated
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↓
Equity eroded
Book equity 30.0k NOK → -99.4k NOK (equity ratio 3.1% → -150.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 38.2k NOK (0% → 2% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -150.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 963.6k NOK → 17.6k NOK (-98.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 3 500 NOK. Reported fact