Org.nr 913 011 384 2023 → 2024 Year-over-year analysis

GOLDEN ENERGY OFFSHORE SERVICES ASA: årsregnskap 2024 vs 2023

Shrank 72% on revenue, weaker earnings, fresh owner capital

approved 2025-06-10; registry 2025-07-19; journal 2025 554393

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for GOLDEN ENERGY OFFSHORE SERVICES ASA. Revenue 280.8k NOK → 79.0k NOK (-71.9%). Net result -8.53m NOK → -15.30m NOK. Equity 558.7k NOK → 543.41m 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: cogs fell. All figures are taken from the published annual accounts for GOLDEN ENERGY OFFSHORE SERVICES ASA.

Scorecard

Revenue
280.8k NOK 79.0k NOK
-71.9%
Operating result
-26.44m NOK -39.65m NOK
-49.9%
Net result
-8.53m NOK -15.30m NOK
-79.4%
Equity
558.7k NOK 543.41m NOK
+97160.7%
Cash
702 NOK 756.0k NOK
+107592.3%
Total assets
637.5k NOK 657.2k NOK
+3.1%

What improved

  • ↑

    Equity strengthened

    Book equity 558.7k NOK → 543.41m NOK (equity ratio 87.6% → 82689.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 702 NOK → 756.0k NOK (+107592.3% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 700.2k NOK → 777.28m NOK (+776.58m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 280.8k NOK to 79.0k NOK (-71.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -26.44m NOK → -39.65m NOK (op. margin -9415.3% → -50184.8%). Calculated

  • ↓

    Net result weakened

    Net result -8.53m NOK → -15.30m NOK (net margin -3038.6% → -19373.4%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 4.13× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.15m NOK → 1 152 NOK (-99.9% YoY). Calculated