24SEVENOFFICE NORWAY AS: årsregnskap 2023 vs 2022
Grew 33% on revenue, stronger earnings, cash halved-plus
approved 2024-05-23; registry 2024-06-04; journal 2024 485042
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 24SEVENOFFICE NORWAY AS. Revenue 184.54m NOK → 245.88m NOK (+33.2%). Net result -87.03m NOK → -62.08m NOK. Equity 85.10m NOK → 23.02m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 184.54m NOK to 245.88m NOK (+33.2% YoY). Calculated
-
↑
Operating result improved
Operating result -70.05m NOK → -30.20m NOK (op. margin -38.0% → -12.3%). Calculated
-
↑
Net result improved
Net result -87.03m NOK → -62.08m NOK (net margin -47.2% → -25.3%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 85.10m NOK → 23.02m NOK (equity ratio 25.0% → 6508.5%). Calculated
-
↓
Cash fell
Bank deposits 109.57m NOK → 49.47m NOK (-54.9% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 85.10m NOK → 23.02m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 5.12bn NOK → 5.12bn NOK (2773% → 2084% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 11.60m NOK → 16.88m NOK (+45.5% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 22.86m NOK → 8.57m NOK. Reported fact