Org.nr 926 034 936 2022 → 2023 Year-over-year analysis

2XH.NO AS: årsregnskap 2023 vs 2022

Weaker earnings

registry 2024-06-29; journal 2024 568144

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 2XH.NO AS. Revenue 765.3k NOK → 744.6k NOK (-2.7%). Net result +468.0k NOK → +1 101 NOK. Equity 822.2k NOK → 923.3k NOK.

On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2XH.NO AS.

Scorecard

Revenue
765.3k NOK 744.6k NOK
-2.7%
Operating result
+607.2k NOK +652.0k NOK
+7.4%
Net result
+468.0k NOK +1 101 NOK
-99.8%
Equity
822.2k NOK 923.3k NOK
+12.3%
Cash
250.1k NOK 744.8k NOK
+197.9%
Total assets
979.7k NOK 97.0k NOK
-90.1%

What improved

  • ↑

    Operating result improved

    Operating result +607.2k NOK → +652.0k NOK (op. margin 79.3% → 87.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 822.2k NOK → 923.3k NOK (equity ratio 83.9% → 951.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 250.1k NOK → 744.8k NOK (+197.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 765.3k NOK to 744.6k NOK (-2.7% YoY). Calculated

  • ↓

    Net result weakened

    Net result +468.0k NOK → +1 101 NOK (net margin 61.1% → 0.1%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 6.18× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 77.7k NOK → 31.2k NOK (-59.9% YoY). Calculated