Org.nr 923 177 345 2022 → 2023 Year-over-year analysis

4ADA AS: årsregnskap 2023 vs 2022

Shrank 50% on revenue, slipped into loss, cash halved-plus

approved 2024-05-30; registry 2024-07-24; journal 2024 665400

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 4ADA AS. Revenue 857.5k NOK → 425.4k NOK (-50.4%). Net result +164.6k NOK → -677.1k NOK. Equity 1.33m NOK → 653.4k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4ADA AS.

Scorecard

Revenue
857.5k NOK 425.4k NOK
-50.4%
Operating result
+333.1k NOK -244.1k NOK
-173.3%
Net result
+164.6k NOK -677.1k NOK
-511.3%
Equity
1.33m NOK 653.4k NOK
-50.9%
Cash
454.2k NOK 155.3k NOK
-65.8%
Total assets
3.15m NOK 2.51m NOK
-20.2%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.22m NOK → 214.6k NOK (259% → 50% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 857.5k NOK to 425.4k NOK (-50.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +333.1k NOK → -244.1k NOK (op. margin 38.8% → -57.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 164.6k NOK profit to a loss of 677.1k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.33m NOK → 653.4k NOK (equity ratio 42.3% → 26.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 454.2k NOK → 155.3k NOK (-65.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 2.21m NOK → 1.90m NOK. Reported fact