7 FJELL BIL VEST AS: årsregnskap 2023 vs 2022
Grew 37% on revenue, stronger earnings, cash halved-plus
approved 2024-03-05; registry 2024-03-09; journal 2024 320811
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7 FJELL BIL VEST AS. Revenue 19.14m NOK → 26.24m NOK (+37.1%). Net result +293.3k NOK → +389.2k NOK. Equity 2.47m NOK → 2.85m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 7 FJELL BIL VEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 19.14m NOK to 26.24m NOK (+37.1% YoY). Calculated
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Operating result improved
Operating result +376.4k NOK → +509.5k NOK (op. margin 2.0% → 1.9%). Calculated
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Net result improved
Net result +293.3k NOK → +389.2k NOK (net margin 1.5% → 1.5%). Calculated
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Equity strengthened
Book equity 2.47m NOK → 2.85m NOK (equity ratio 53.5% → 64.2%). Calculated
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Payroll decreased
Salary cost 2.25m NOK → 1.90m NOK (12% → 7% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 812.8k NOK → 295.5k NOK (-63.6% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 16.02m NOK → 23.08m NOK (+44.1% YoY). Calculated