ELEVATE OCEAN AS: årsregnskap 2024 vs 2023
Shrank 94% on revenue, weaker earnings, fresh owner capital
approved 2025-06-13; registry 2025-07-01; journal 2025 606226
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ELEVATE OCEAN AS. Revenue 459.4k NOK → 28.7k NOK (-93.8%). Net result -665.7k NOK → -2.56m NOK. Equity 196.2k NOK → 2.64m NOK.
On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ELEVATE OCEAN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 196.2k NOK → 2.64m NOK (equity ratio 62.1% → 74.6%). Calculated
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Cash rose
Bank deposits 551.2k NOK → 1.09m NOK (+98.3% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 204.2k NOK → 6.20m NOK (+6.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 459.4k NOK to 28.7k NOK (-93.8% YoY). Calculated
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Operating result weakened
Operating result -664.5k NOK → -2.64m NOK (op. margin -144.6% → -9207.5%). Calculated
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Net result weakened
Net result -665.7k NOK → -2.56m NOK (net margin -144.9% → -8921.0%). Calculated
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Payroll up without matching revenue
Salary cost 2.80m NOK → 2.89m NOK (609% → 10095% of revenue). Calculated
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COGS moved
COGS / varekostnad -229 NOK → 456.3k NOK (+199348.0% YoY). Calculated
Things to notice
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·
Headcount (årsverk) changed
Reported FTEs 2 → 4. Reported fact