WATERCIRCLES FORSIKRING ASA: årsregnskap 2024 vs 2023
Grew 15% on revenue, stronger earnings
approved 2025-06-02; registry 2025-07-28; journal 2025 707776
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for WATERCIRCLES FORSIKRING ASA. Revenue 350.18m NOK → 401.11m NOK (+14.5%). Net result -158.08m NOK → -49.84m NOK. Equity 276.85m NOK → 242.37m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for WATERCIRCLES FORSIKRING ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 350.18m NOK to 401.11m NOK (+14.5% YoY). Calculated
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Operating result improved
Operating result -163.95m NOK → -80.64m NOK (op. margin -46.8% → -20.1%). Calculated
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Net result improved
Net result -158.08m NOK → -49.84m NOK (net margin -45.1% → -12.4%). Calculated
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Owners injected capital
Paid-in equity rose 566.98m NOK → 582.34m NOK (+15.36m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 276.85m NOK → 242.37m NOK (equity ratio 18.2% → 17.2%). Calculated
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↓
Cash fell
Bank deposits 41.26m NOK → 23.70m NOK (-42.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 34.00m NOK → 65.05m NOK (10% → 16% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 46.86m NOK → 1 NOK. Reported fact