Org.nr 988 976 881 2022 → 2023 Year-over-year analysis

ABACS AS: årsregnskap 2023 vs 2022

Shrank 90% on revenue, slipped into loss

approved 2024-07-08; registry 2024-07-16; journal 2024 633072

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABACS AS. Revenue 1.44m NOK → 149.9k NOK (-89.6%). Net result +911.1k NOK → -10.79m NOK. Equity 21.75m NOK → 10.97m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABACS AS.

Scorecard

Revenue
1.44m NOK 149.9k NOK
-89.6%
Operating result
+6 535 NOK -291.4k NOK
-4558.7%
Net result
+911.1k NOK -10.79m NOK
-1283.9%
Equity
21.75m NOK 10.97m NOK
-49.6%
Cash
366.5k NOK 634.4k NOK
+73.1%
Total assets
53.77m NOK 47.05m NOK
-12.5%

What improved

  • ↑

    Cash rose

    Bank deposits 366.5k NOK → 634.4k NOK (+73.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.44m NOK to 149.9k NOK (-89.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6 535 NOK → -291.4k NOK (op. margin 0.5% → -194.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 911.1k NOK profit to a loss of 10.79m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 21.75m NOK → 10.97m NOK (equity ratio 40.5% → 23.3%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 39.3k NOK → 0 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 17.87m NOK → 12.58m NOK. Reported fact