ARGEO ASA: årsregnskap 2024 vs 2023
Grew 1189% on revenue, slipped into loss, cash halved-plus
approved 2025-06-12; registry 2025-07-26; journal 2025 569629
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ARGEO ASA. Revenue 19.0k NOK → 245.0k NOK (+1189.5%). Net result +3.59m NOK → -6.94m NOK. Equity 5.65m NOK → 756.9k NOK.
On the constructive side: revenue rose; current ratio back above 1×; owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for ARGEO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 19.0k NOK to 245.0k NOK (+1189.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.42× → 802.25×. Calculated
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↑
Owners injected capital
Paid-in equity rose 630.0k NOK → 757.5k NOK (+127.5k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -4.56m NOK → -17.47m NOK (op. margin -24010.5% → -7130.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 3.59m NOK profit to a loss of 6.94m NOK. Calculated
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↓
Equity eroded
Book equity 5.65m NOK → 756.9k NOK (equity ratio 871.0% → 99.1%). Calculated
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↓
Cash fell
Bank deposits 23.62m NOK → 176.0k NOK (-99.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (23.62m NOK → 176.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 1 013 NOK → 2.20m NOK (5% → 898% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 249.1k NOK → 366.3k NOK. Reported fact