Org.nr 923 138 846 2022 → 2023 Year-over-year analysis

10X CONSULTING AS: årsregnskap 2023 vs 2022

Weaker earnings, cash halved-plus

registry 2024-03-18; journal 2024 330009

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 10X CONSULTING AS. Net result -18.8k NOK → -354.7k NOK. Equity 410.8k NOK → 56.1k NOK.

On the constructive side: payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for 10X CONSULTING AS.

Scorecard

Revenue
n/m 688.9k NOK
—
Operating result
-105.3k NOK -376.6k NOK
-257.6%
Net result
-18.8k NOK -354.7k NOK
-1791.5%
Equity
410.8k NOK 56.1k NOK
-86.3%
Cash
471.3k NOK 133.5k NOK
-71.7%
Total assets
521.3k NOK 152.0k NOK
-70.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 3.56m NOK → 2.57m NOK. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -105.3k NOK → -376.6k NOK. Calculated

  • ↓

    Net result weakened

    Net result -18.8k NOK → -354.7k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 410.8k NOK → 56.1k NOK (equity ratio 78.8% → 36.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 471.3k NOK → 133.5k NOK (-71.7% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 127.4k NOK → 241.4k NOK (+89.4% YoY). Calculated