Org.nr 916 519 842 2022 → 2023 Year-over-year analysis

ABBAS GRUPPEN AS: årsregnskap 2023 vs 2022

Grew 48535% on revenue, returned to profit, cash halved-plus

approved 2024-08-19; registry 2024-08-21; journal 2024 734434

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABBAS GRUPPEN AS. Revenue 1 319 NOK → 641.5k NOK (+48535.3%). Net result -42.9k NOK → +3.62m NOK. Equity -753.4k NOK → -131.9k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for ABBAS GRUPPEN AS.

Scorecard

Revenue
1 319 NOK 641.5k NOK
+48535.3%
Operating result
-44.2k NOK +639.4k NOK
+1546.7%
Net result
-42.9k NOK +3.62m NOK
+8551.4%
Equity
-753.4k NOK -131.9k NOK
+82.5%
Cash
410.0k NOK 11.4k NOK
-97.2%
Total assets
568.8k NOK 11.4k NOK
-98.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 319 NOK to 641.5k NOK (+48535.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -44.2k NOK → +639.4k NOK (op. margin -3350.7% → 99.7%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 42.9k NOK to a profit of 3.62m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -753.4k NOK → -131.9k NOK (equity ratio -132.5% → -1151.6%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 410.0k NOK → 11.4k NOK (-97.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -1151.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Headcount (årsverk) changed

    Reported FTEs 0 → 1. Reported fact