24FITNESS AS: årsregnskap 2023 vs 2022
Grew 39% on revenue, weaker earnings
registry 2024-08-24; journal 2024 729463
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 24FITNESS AS. Revenue 22.32m NOK → 31.12m NOK (+39.5%). Net result +1.23m NOK → +768.2k NOK. Equity 3.51m NOK → 4.28m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
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
What improved
-
↑
Revenue rose
Operating income / revenue moved from 22.32m NOK to 31.12m NOK (+39.5% YoY). Calculated
-
↑
Equity strengthened
Book equity 3.51m NOK → 4.28m NOK (equity ratio 59.5% → 47.0%). Calculated
-
↑
Cash rose
Bank deposits 1 172 NOK → 3.20m NOK (+272847.0% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +1.59m NOK → +992.8k NOK (op. margin 7.1% → 3.2%). Calculated
-
↓
Net result weakened
Net result +1.23m NOK → +768.2k NOK (net margin 5.5% → 2.5%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2.05m NOK → 2.73m NOK (9% → 9% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 13.62m NOK → 21.06m NOK (+54.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 414.8k NOK → 320.4k NOK. Reported fact