ABLEMAGIC AS: årsregnskap 2023 vs 2022
Grew 19% on revenue, returned to profit
approved 2024-10-17; registry 2024-10-24; journal 2024 753716
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ABLEMAGIC AS. Revenue 12.35m NOK → 14.70m NOK (+19.1%). Net result -304.7k NOK → +675.8k NOK. Equity 2.40m NOK → 72.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABLEMAGIC AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 12.35m NOK to 14.70m NOK (+19.1% YoY). Calculated
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↑
Operating result improved
Operating result -486.4k NOK → +266.3k NOK (op. margin -3.9% → 1.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 304.7k NOK to a profit of 675.8k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.40m NOK → 72.0k NOK (equity ratio 49.7% → 1.5%). Calculated
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↓
Cash fell
Bank deposits 502.2k NOK → 440.2k NOK (-12.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 509.4k NOK → 460.5k NOK (-9.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 182.5k NOK → 575.6k NOK. Reported fact