Org.nr 991 753 591 2023 → 2024 Year-over-year analysis

GELATO ASA: årsregnskap 2024 vs 2023

Shrank 10% on revenue, weaker earnings, fresh owner capital

approved 2025-06-30; registry 2025-08-12; journal 2025 739425

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for GELATO ASA. Revenue 1.14bn NOK → 1.03bn NOK (-9.7%). Net result -297.17m NOK → -477.68m NOK. Equity 122.59m NOK → 383.69m NOK.

On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for GELATO ASA.

Scorecard

Revenue
1.14bn NOK 1.03bn NOK
-9.7%
Operating result
-364.21m NOK -427.99m NOK
-17.5%
Net result
-297.17m NOK -477.68m NOK
-60.7%
Equity
122.59m NOK 383.69m NOK
+213.0%
Cash
88.34m NOK 56.35m NOK
-36.2%
Total assets
593.94m NOK 633.41m NOK
+6.6%

What improved

  • ↑

    Equity strengthened

    Book equity 122.59m NOK → 383.69m NOK (equity ratio 20.6% → 60.6%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.17bn NOK → 1.93bn NOK (+756.31m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 5.32bn NOK → 3 NOK (466% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.14bn NOK to 1.03bn NOK (-9.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -364.21m NOK → -427.99m NOK (op. margin -31.9% → -41.5%). Calculated

  • ↓

    Net result weakened

    Net result -297.17m NOK → -477.68m NOK (net margin -26.1% → -46.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 88.34m NOK → 56.35m NOK (-36.2% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 902.62m NOK → 925.28m NOK (+2.5% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 29.83m NOK → 38.10m NOK. Reported fact