7FJELL GLASSERVICE AS: årsregnskap 2023 vs 2022
Shrank 37% on revenue, slipped into loss
approved 2024-05-22; registry 2024-05-28; journal 2024 446637
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7FJELL GLASSERVICE AS. Revenue 4.26m NOK → 2.69m NOK (-37.0%). Net result +186.2k NOK → -117.6k NOK. Equity 123.2k NOK → 5 597 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7FJELL GLASSERVICE AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 113.1k NOK → 259.2k NOK (+129.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.26m NOK to 2.69m NOK (-37.0% YoY). Calculated
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↓
Operating result weakened
Operating result +183.3k NOK → -121.0k NOK (op. margin 4.3% → -4.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 186.2k NOK profit to a loss of 117.6k NOK. Calculated
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↓
Equity eroded
Book equity 123.2k NOK → 5 597 NOK (equity ratio 16.5% → 1.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.39m NOK → 1.48m NOK (-38.1% YoY). Calculated