Org.nr 917 811 288 2023 → 2024 Year-over-year analysis

FJORD DEFENCE GROUP ASA: årsregnskap 2024 vs 2023

Shrank 72900% on revenue, weaker earnings

approved 2025-04-03; registry 2025-08-11; journal 2025 681012

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for FJORD DEFENCE GROUP ASA. Revenue -1 000 NOK → -730.0k NOK (-72900.0%). Net result -2.77m NOK → -10.72m NOK. Equity 38.40m NOK → 27.23m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for FJORD DEFENCE GROUP ASA.

Scorecard

Revenue
-1 000 NOK -730.0k NOK
-72900.0%
Operating result
-2.47m NOK -8.51m NOK
-244.0%
Net result
-2.77m NOK -10.72m NOK
-287.8%
Equity
38.40m NOK 27.23m NOK
-29.1%
Cash
486.0k NOK 753.0k NOK
+54.9%
Total assets
48.24m NOK 27.66m NOK
-42.7%

What improved

  • ↑

    Cash rose

    Bank deposits 486.0k NOK → 753.0k NOK (+54.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 806.0k NOK → 1 081 NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from -1 000 NOK to -730.0k NOK (-72900.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -2.47m NOK → -8.51m NOK (op. margin 247300.0% → 1165.5%). Calculated

  • ↓

    Net result weakened

    Net result -2.77m NOK → -10.72m NOK (net margin 276500.0% → 1468.9%). Calculated

  • ↓

    Equity eroded

    Book equity 38.40m NOK → 27.23m NOK (equity ratio 79.6% → 98.5%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 78.11m NOK → 77.66m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 43.0k NOK → -10.0k NOK (-123.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 34.52m NOK → 21.14m NOK. Reported fact