NORDIC VAGABONDS AS: årsregnskap 2024 vs 2023
Shrank 28% on revenue, cash halved-plus
approved 2025-07-04; registry 2025-07-07; journal 2025 648842
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for NORDIC VAGABONDS AS. Revenue 413.5k NOK → 296.5k NOK (-28.3%). Net result -226.8k NOK → -222.2k NOK. Equity -719.8k NOK → -942.0k NOK.
On the constructive side: operating result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for NORDIC VAGABONDS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -214.5k NOK → -203.7k NOK (op. margin -51.9% → -68.7%). Calculated
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Current ratio back above 1×
Current ratio 0.17× → 1.17×. Calculated
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Payroll decreased
Salary cost 3.10m NOK → 2 NOK (750% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 413.5k NOK to 296.5k NOK (-28.3% YoY). Calculated
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↓
Equity eroded
Book equity -719.8k NOK → -942.0k NOK (equity ratio -353.5% → -379.5%). Calculated
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↓
Cash fell
Bank deposits 22.9k NOK → 1 728 NOK (-92.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -379.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 307.1k NOK → 27.1k NOK (-91.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 45.0k NOK → 25.0k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact