24 SHAPE UP AS: årsregnskap 2022 vs 2021
Grew 22% on revenue, slipped into loss
approved 2023-07-21; registry 2023-08-05; journal 2023 648577
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 24 SHAPE UP AS. Revenue 3.52m NOK → 4.29m NOK (+21.8%). Net result +44.7k NOK → -285.9k NOK. Equity 9.15m NOK → 9 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 24 SHAPE UP AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.52m NOK to 4.29m NOK (+21.8% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +73.6k NOK → -267.1k NOK (op. margin 2.1% → -6.2%). Calculated
-
↓
Fell into a net loss
Net result flipped from 44.7k NOK profit to a loss of 285.9k NOK. Calculated
-
↓
Equity eroded
Book equity 9.15m NOK → 9 NOK (equity ratio 293.4% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 609.5k NOK → 416.4k NOK (-31.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 703.0k NOK → 1.32m NOK (20% → 31% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 354.9k NOK → 478.0k NOK (+34.7% YoY). Calculated
-
·
Headcount (årsverk) changed
Reported FTEs 1 → 2. Reported fact