Org.nr 928 978 273 2022 → 2023 Year-over-year analysis

A. HESKESTAD HOLDING AS: årsregnskap 2023 vs 2022

Shrank 100% on revenue, cash halved-plus

approved 2024-01-01; registry 2024-06-08; journal 2024 491594

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for A. HESKESTAD HOLDING AS. Revenue 3 000 NOK → 0 NOK (-100.0%). Net result -10.1k NOK → -5 695 NOK. Equity 14.3k NOK → 6 785 NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A. HESKESTAD HOLDING AS.

Scorecard

Revenue
3 000 NOK 0 NOK
-100.0%
Operating result
-6 912 NOK -3 675 NOK
+46.8%
Net result
-10.1k NOK -5 695 NOK
+43.8%
Equity
14.3k NOK 6 785 NOK
-52.5%
Cash
7 899 NOK 2 801 NOK
-64.5%
Total assets
151.9k NOK 146.9k NOK
-3.3%

What improved

  • ↑

    Operating result improved

    Operating result -6 912 NOK → -3 675 NOK. Calculated

  • ↑

    Net result improved

    Net result -10.1k NOK → -5 695 NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3 000 NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 14.3k NOK → 6 785 NOK (equity ratio 9.4% → 4.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 7 899 NOK → 2 801 NOK (-64.5% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation