Org.nr 919 825 480 2022 → 2023 Year-over-year analysis

4X4 MEDEX AS: årsregnskap 2023 vs 2022

Shrank 8% on revenue, weaker earnings, fresh owner capital

approved 2024-05-21; registry 2024-05-23; journal 2024 430425

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for 4X4 MEDEX AS. Revenue 1.02m NOK → 939.6k NOK (-8.0%). Net result +492.8k NOK → +378.2k NOK. Equity 247.5k NOK → 1.61m NOK.

On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4X4 MEDEX AS.

Scorecard

Revenue
1.02m NOK 939.6k NOK
-8.0%
Operating result
+632.2k NOK +489.8k NOK
-22.5%
Net result
+492.8k NOK +378.2k NOK
-23.3%
Equity
247.5k NOK 1.61m NOK
+549.5%
Cash
190.9k NOK 845.9k NOK
+343.2%
Total assets
1.60m NOK 2.27m NOK
+41.8%

What improved

  • ↑

    Equity strengthened

    Book equity 247.5k NOK → 1.61m NOK (equity ratio 15.5% → 70.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 190.9k NOK → 845.9k NOK (+343.2% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 105.0k NOK → 536.9k NOK (+431.9k NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.02m NOK to 939.6k NOK (-8.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +632.2k NOK → +489.8k NOK (op. margin 61.9% → 52.1%). Calculated

  • ↓

    Net result weakened

    Net result +492.8k NOK → +378.2k NOK (net margin 48.2% → 40.2%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 50.0k NOK → 137.1k NOK (+174.2% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 119.5k NOK → 129.4k NOK. Reported fact