Org.nr 924 847 301 2023 → 2024 Year-over-year analysis

AKA FREE HANDS AS: årsregnskap 2024 vs 2023

Shrank 48% on revenue, weaker earnings, cash halved-plus

approved 2025-07-21; registry 2025-08-04; journal 2025 699556

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for AKA FREE HANDS AS. Revenue 12.0k NOK → 6 209 NOK (-48.3%). Net result -42.2k NOK → -59.2k NOK. Equity -88.7k NOK → -148.0k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AKA FREE HANDS AS.

Scorecard

Revenue
12.0k NOK 6 209 NOK
-48.3%
Operating result
-42.3k NOK -59.2k NOK
-40.1%
Net result
-42.2k NOK -59.2k NOK
-40.2%
Equity
-88.7k NOK -148.0k NOK
-66.7%
Cash
33.2k NOK 6 627 NOK
-80.0%
Total assets
36.2k NOK 15.5k NOK
-57.1%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.0k NOK to 6 209 NOK (-48.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -42.3k NOK → -59.2k NOK (op. margin -352.3% → -954.2%). Calculated

  • ↓

    Net result weakened

    Net result -42.2k NOK → -59.2k NOK (net margin -352.0% → -953.8%). Calculated

  • ↓

    Equity eroded

    Book equity -88.7k NOK → -148.0k NOK (equity ratio -245.3% → -952.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 33.2k NOK → 6 627 NOK (-80.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -952.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 41.6k NOK → 0 NOK (-100.0% YoY). Calculated