NORTH ENERGY ASA: årsregnskap 2024 vs 2023
Grew 25% on revenue, returned to profit
approved 2025-04-10; registry 2025-06-04; journal 2025 449050
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for NORTH ENERGY ASA. Revenue 72.0k NOK → 90.0k NOK (+25.0%). Net result -16.14m NOK → +33.31m NOK. Equity 368.74m NOK → 390.3k NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 72.0k NOK to 90.0k NOK (+25.0% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 16.14m NOK to a profit of 33.31m NOK. Calculated
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↑
Cash rose
Bank deposits 5.72m NOK → 101.92m NOK (+1681.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -18.59m NOK → -25.06m NOK (op. margin -25819.4% → -27847.8%). Calculated
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↓
Equity eroded
Book equity 368.74m NOK → 390.3k NOK (equity ratio 94.6% → 98.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.01× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 984.98m NOK → 973.25m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 14.08m NOK → 15.28m NOK (19553% → 16980% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 260.77m NOK → 261.2k NOK. Reported fact