BORGESTAD ASA: årsregnskap 2024 vs 2023
Shrank 100% on revenue, returned to profit, fresh owner capital
approved 2025-05-28; registry 2025-06-23; journal 2025 519799
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for BORGESTAD ASA. Revenue 101.0k NOK → 437 NOK (-99.6%). Net result -106.39m NOK → +61.76m NOK. Equity 676.7k NOK → 687.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for BORGESTAD ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -13.45m NOK → -10.22m NOK (op. margin -13312.9% → -2338443.9%). Calculated
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Turned profitable
Net result flipped from a loss of 106.39m NOK to a profit of 61.76m NOK. Calculated
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Equity strengthened
Book equity 676.7k NOK → 687.6k NOK (equity ratio 70.8% → 0.1%). Calculated
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Owners injected capital
Paid-in equity rose 676.7k NOK → 676.74m NOK (+676.07m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 101.0k NOK to 437 NOK (-99.6% YoY). Calculated
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Cash fell
Bank deposits 131.17m NOK → 112.17m NOK (-14.5% YoY). Calculated
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Payroll up without matching revenue
Salary cost 5.35m NOK → 6.39m NOK (5294% → 1463354% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1 306 NOK → 583.3k NOK. Reported fact