Org.nr 950 192 593 2022 → 2023 Year-over-year analysis

ABACUS FINANS AS: årsregnskap 2023 vs 2022

Grew 50% on revenue, slipped into loss, cash halved-plus

registry 2024-06-29; journal 2024 563986

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABACUS FINANS AS. Revenue 133.5k NOK → 200.0k NOK (+49.9%). Net result +344.3k NOK → -3.69m NOK. Equity 7.09m NOK → 3.40m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABACUS FINANS AS.

Scorecard

Revenue
133.5k NOK 200.0k NOK
+49.9%
Operating result
+65.2k NOK +140.5k NOK
+115.4%
Net result
+344.3k NOK -3.69m NOK
-1172.1%
Equity
7.09m NOK 3.40m NOK
-52.0%
Cash
116.6k NOK 340 NOK
-99.7%
Total assets
7.28m NOK 3.48m NOK
-52.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 133.5k NOK to 200.0k NOK (+49.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +65.2k NOK → +140.5k NOK (op. margin 48.9% → 70.2%). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 344.3k NOK profit to a loss of 3.69m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 7.09m NOK → 3.40m NOK (equity ratio 97.4% → 97.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 116.6k NOK → 340 NOK (-99.7% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 5.38m NOK → 0 NOK. Reported fact