Org.nr 919 315 253 2022 → 2023 Year-over-year analysis

ABE UTVIKLING AS: årsregnskap 2023 vs 2022

Shrank 92% on revenue, slipped into loss

approved 2024-06-14; registry 2024-06-20; journal 2024 528064

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABE UTVIKLING AS. Revenue 903.1k NOK → 69.7k NOK (-92.3%). Net result +5 372 NOK → -13.0k NOK. Equity 526.2k NOK → 513.2k NOK.

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

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

Scorecard

Revenue
903.1k NOK 69.7k NOK
-92.3%
Operating result
+182.8k NOK +195.2k NOK
+6.7%
Net result
+5 372 NOK -13.0k NOK
-341.1%
Equity
526.2k NOK 513.2k NOK
-2.5%
Cash
21.5k NOK 43.4k NOK
+102.1%
Total assets
4.52m NOK 4.66m NOK
+3.1%

What improved

  • ↑

    Operating result improved

    Operating result +182.8k NOK → +195.2k NOK (op. margin 20.2% → 280.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 21.5k NOK → 43.4k NOK (+102.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 903.1k NOK to 69.7k NOK (-92.3% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 5 372 NOK profit to a loss of 13.0k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 526.2k NOK → 513.2k NOK (equity ratio 11.6% → 11.0%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 3.86× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 450.9k NOK → 618.6k NOK (+37.2% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 360.0k NOK → 720 NOK. Reported fact