FirmaIQ
Org.nr 998 548 217 2023 → 2024 Year-over-year analysis

NOREXECO ASA: årsregnskap 2024 vs 2023

Grew 299% on revenue

approved 2025-06-03; registry 2025-07-09; journal 2025 649517

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for NOREXECO ASA. Revenue 552.9k NOK → 2.21m NOK (+299.1%). Net result -15.23m NOK → -14.44m NOK. Equity 15.43m NOK → 8.17m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for NOREXECO ASA.

At a glance

Scorecard

Revenue
552.9k NOK 2.21m NOK
+299.1%
Operating result
-15.64m NOK -14.86m NOK
+4.9%
Net result
-15.23m NOK -14.44m NOK
+5.2%
Equity
15.43m NOK 8.17m NOK
-47.0%
Cash
18.06m NOK 9.94m NOK
-45.0%
Total assets
18.84m NOK 11.25m NOK
-40.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 552.9k NOK to 2.21m NOK (+299.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -15.64m NOK → -14.86m NOK (op. margin -2828.0% → -673.6%). Calculated

  • ↑

    Net result improved

    Net result -15.23m NOK → -14.44m NOK (net margin -2754.8% → -654.2%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 172.94m NOK → 180.13m NOK (+7.18m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 15.43m NOK → 8.17m NOK (equity ratio 81.9% → 72.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 18.06m NOK → 9.94m NOK (-45.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 8.98m NOK → 9.23m NOK (1624% → 418% of revenue). Calculated