Org.nr 994 464 663 2023 → 2024 Year-over-year analysis

HOFSETH BIOCARE ASA: årsregnskap 2024 vs 2023

Grew 22% on revenue, fresh owner capital

approved 2025-04-11; registry 2025-07-30; journal 2025 589883

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for HOFSETH BIOCARE ASA. Revenue 218.4k NOK → 267.0k NOK (+22.3%). Net result -93.00m NOK → -97.90m NOK. Equity 74.61m NOK → 120.42m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.

Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for HOFSETH BIOCARE ASA.

Scorecard

Revenue
218.4k NOK 267.0k NOK
+22.3%
Operating result
-86.44m NOK -88.43m NOK
-2.3%
Net result
-93.00m NOK -97.90m NOK
-5.3%
Equity
74.61m NOK 120.42m NOK
+61.4%
Cash
22.75m NOK 23.23m NOK
+2.1%
Total assets
396.72m NOK 377.25m NOK
-4.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 218.4k NOK to 267.0k NOK (+22.3% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 74.61m NOK → 120.42m NOK (equity ratio 18.8% → 31.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 22.75m NOK → 23.23m NOK (+2.1% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 74.61m NOK → 120.42m NOK (+45.81m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -86.44m NOK → -88.43m NOK (op. margin -39577.8% → -33115.5%). Calculated

  • ↓

    Net result weakened

    Net result -93.00m NOK → -97.90m NOK (net margin -42577.1% → -36662.3%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 638.98× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 51.66m NOK → 60.30m NOK (23651% → 22584% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 6168537000.15bn NOK → 4 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 44.70m NOK → 59.56m NOK. Reported fact