FirmaIQ
Org.nr 982 057 892 2021 → 2022 Year-over-year analysis

99X INCREO AS: årsregnskap 2022 vs 2021

Grew 8% on revenue, stronger earnings

approved 2023-06-29; registry 2023-08-09; journal 2023 661101

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for 99X INCREO AS. Revenue 34.98m NOK → 37.93m NOK (+8.4%). Net result +1.13m NOK → +6.27m NOK. Equity 4.17m NOK → 4.44m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 99X INCREO AS.

At a glance

Scorecard

Revenue
34.98m NOK 37.93m NOK
+8.4%
Operating result
+1.70m NOK +755.0k NOK
-55.6%
Net result
+1.13m NOK +6.27m NOK
+456.1%
Equity
4.17m NOK 4.44m NOK
+6.6%
Cash
9.84m NOK 9.88m NOK
+0.4%
Total assets
18.44m NOK 22.00m NOK
+19.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 34.98m NOK to 37.93m NOK (+8.4% YoY). Calculated

  • ↑

    Net result improved

    Net result +1.13m NOK → +6.27m NOK (net margin 3.2% → 16.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.17m NOK → 4.44m NOK (equity ratio 22.6% → 20.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 9.84m NOK → 9.88m NOK (+0.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.70m NOK → +755.0k NOK (op. margin 4.9% → 2.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 24.55m NOK → 28.63m NOK (70% → 75% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 1.77m NOK → 1.86m NOK (+5.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 15.0k NOK → 3.00m NOK. Reported fact