FirmaIQ
Org.nr 989 376 977 2022 → 2023 Year-over-year analysis

A. KVAM AS: årsregnskap 2023 vs 2022

Shrank 20% on revenue, weaker earnings

approved 2024-06-18; registry 2024-07-20; journal 2024 649813

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for A. KVAM AS. Revenue 15.95m NOK → 12.81m NOK (-19.7%). Net result +914.4k NOK → +706.1k NOK. Equity 8.57m NOK → 9.27m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
15.95m NOK 12.81m NOK
-19.7%
Operating result
+1.14m NOK +833.4k NOK
-26.8%
Net result
+914.4k NOK +706.1k NOK
-22.8%
Equity
8.57m NOK 9.27m NOK
+8.2%
Cash
3.36m NOK 2.44m NOK
-27.4%
Total assets
11.08m NOK 11.38m NOK
+2.7%

What improved

  • ↑

    Equity strengthened

    Book equity 8.57m NOK → 9.27m NOK (equity ratio 77.3% → 81.5%). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.86m NOK → 4.85m NOK (30% → 38% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 15.95m NOK to 12.81m NOK (-19.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.14m NOK → +833.4k NOK (op. margin 7.1% → 6.5%). Calculated

  • ↓

    Net result weakened

    Net result +914.4k NOK → +706.1k NOK (net margin 5.7% → 5.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.36m NOK → 2.44m NOK (-27.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 8.03m NOK → 5.37m NOK (-33.2% YoY). Calculated