FirmaIQ
Org.nr 922 741 174 2022 → 2023 Year-over-year analysis

A. WETTING HOLDING AS: årsregnskap 2023 vs 2022

Stronger earnings, cash halved-plus

approved 2024-05-02; registry 2024-05-11; journal 2024 404832

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for A. WETTING HOLDING AS. Net result +191.7k NOK → +726.9k NOK. Equity 5.08m NOK → 5.82m NOK.

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

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A. WETTING HOLDING AS.

At a glance

Scorecard

Revenue
0 NOK n/m
—
Operating result
-91.7k NOK -60.6k NOK
+34.0%
Net result
+191.7k NOK +726.9k NOK
+279.2%
Equity
5.08m NOK 5.82m NOK
+14.6%
Cash
1.51m NOK 8 594 NOK
-99.4%
Total assets
6.78m NOK 7.01m NOK
+3.4%

What improved

  • ↑

    Operating result improved

    Operating result -91.7k NOK → -60.6k NOK. Calculated

  • ↑

    Net result improved

    Net result +191.7k NOK → +726.9k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 5.08m NOK → 5.82m NOK (equity ratio 74.9% → 83.1%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.51m NOK → 8 594 NOK (-99.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.51m NOK → 8 594 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 897.4k NOK → 912.1k NOK. Reported fact