Org.nr 919 200 871 2022 → 2023 Year-over-year analysis

10 MASKIN AS: årsregnskap 2023 vs 2022

Shrank 19% on revenue, weaker earnings

approved 2024-05-03; registry 2024-05-07; journal 2024 399271

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 10 MASKIN AS. Revenue 578.3k NOK → 470.7k NOK (-18.6%). Net result -25.5k NOK → -131.1k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 10 MASKIN AS.

Scorecard

Revenue
578.3k NOK 470.7k NOK
-18.6%
Operating result
-10.6k NOK -97.9k NOK
-820.3%
Net result
-25.5k NOK -131.1k NOK
-415.0%
Cash
43.5k NOK 118.2k NOK
+171.9%
Total assets
205.3k NOK 315.4k NOK
+53.7%

What improved

  • ↑

    Cash rose

    Bank deposits 43.5k NOK → 118.2k NOK (+171.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.42m NOK → 217.9k NOK (245% → 46% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 578.3k NOK to 470.7k NOK (-18.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -10.6k NOK → -97.9k NOK (op. margin -1.8% → -20.8%). Calculated

  • ↓

    Net result weakened

    Net result -25.5k NOK → -131.1k NOK (net margin -4.4% → -27.9%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.06× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 1 600 NOK → 25.5k NOK (+1493.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 37.1k NOK → 29.3k NOK. Reported fact