Org.nr 911 689 138 2022 → 2023 Year-over-year analysis

A. HAARSTAD ELEKTRO AS: årsregnskap 2023 vs 2022

Grew 45% on revenue, returned to profit

approved 2024-06-21; registry 2024-07-30; journal 2024 686692

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for A. HAARSTAD ELEKTRO AS. Revenue 34.0k NOK → 49.2k NOK (+44.9%). Net result -9 788 NOK → +7 441 NOK. Equity 54.0k NOK → 48.9k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. HAARSTAD ELEKTRO AS.

Scorecard

Revenue
34.0k NOK 49.2k NOK
+44.9%
Operating result
-9 788 NOK +9 539 NOK
+197.5%
Net result
-9 788 NOK +7 441 NOK
+176.0%
Equity
54.0k NOK 48.9k NOK
-9.5%
Cash
48.3k NOK 40.7k NOK
-15.7%
Total assets
62.4k NOK 70.1k NOK
+12.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 34.0k NOK to 49.2k NOK (+44.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -9 788 NOK → +9 539 NOK (op. margin -28.8% → 19.4%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 9 788 NOK to a profit of 7 441 NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 54.0k NOK → 48.9k NOK (equity ratio 86.6% → 69.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 48.3k NOK → 40.7k NOK (-15.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 34.8k NOK → 16.3k NOK (-53.1% YoY). Calculated