Org.nr 921 325 177 2022 → 2023 Year-over-year analysis

ABG PAYMENT SYSTEMS AS: årsregnskap 2023 vs 2022

Grew 297% on revenue, cash halved-plus

registry 2024-09-04; journal 2024 743506

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABG PAYMENT SYSTEMS AS. Revenue 46.0k NOK → 182.8k NOK (+297.4%). Net result -104.0k NOK → -109.4k NOK. Equity -73.6k NOK → -213.0k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABG PAYMENT SYSTEMS AS.

Scorecard

Revenue
46.0k NOK 182.8k NOK
+297.4%
Operating result
-132.8k NOK -140.2k NOK
-5.5%
Net result
-104.0k NOK -109.4k NOK
-5.1%
Equity
-73.6k NOK -213.0k NOK
-189.3%
Cash
7 306 NOK -54.1k NOK
-840.8%
Total assets
449.6k NOK 23.1k NOK
-94.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 46.0k NOK to 182.8k NOK (+297.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -132.8k NOK → -140.2k NOK (op. margin -288.7% → -76.7%). Calculated

  • ↓

    Net result weakened

    Net result -104.0k NOK → -109.4k NOK (net margin -226.1% → -59.8%). Calculated

  • ↓

    Equity eroded

    Book equity -73.6k NOK → -213.0k NOK (equity ratio -16.4% → -921.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 7 306 NOK → -54.1k NOK (-840.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -921.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 0 NOK → 50.0k NOK (None YoY). Calculated