FirmaIQ
Org.nr 995 453 975 2021 → 2022 Year-over-year analysis

24FITNESS AS: årsregnskap 2022 vs 2021

Grew 50% on revenue, stronger earnings, cash halved-plus

registry 2023-06-19; journal 2023 479768

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for 24FITNESS AS. Revenue 14.83m NOK → 22.32m NOK (+50.5%). Net result +139.7k NOK → +1.23m NOK. Equity 2.28m NOK → 3.51m NOK.

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

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 24FITNESS AS.

At a glance

Scorecard

Revenue
14.83m NOK 22.32m NOK
+50.5%
Operating result
+372.8k NOK +1.59m NOK
+327.8%
Net result
+139.7k NOK +1.23m NOK
+778.7%
Equity
2.28m NOK 3.51m NOK
+53.7%
Cash
763.3k NOK 1 172 NOK
-99.8%
Total assets
3.10m NOK 5.90m NOK
+90.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.83m NOK to 22.32m NOK (+50.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +372.8k NOK → +1.59m NOK (op. margin 2.5% → 7.1%). Calculated

  • ↑

    Net result improved

    Net result +139.7k NOK → +1.23m NOK (net margin 0.9% → 5.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.28m NOK → 3.51m NOK (equity ratio 73.8% → 59.5%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 763.3k NOK → 1 172 NOK (-99.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.52m NOK → 2.05m NOK (10% → 9% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 8.36m NOK → 13.62m NOK (+63.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 308.7k NOK → 414.8k NOK. Reported fact