Org.nr 998 019 729 2022 → 2023 Year-over-year analysis

ABS FREDRIKSTAD AS: årsregnskap 2023 vs 2022

Shrank 86% on revenue, slipped into loss

approved 2024-05-02; registry 2024-06-04; journal 2024 417527

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABS FREDRIKSTAD AS. Revenue 7.52m NOK → 1.06m NOK (-85.9%). Net result +369.4k NOK → -984.6k NOK. Equity 13 NOK → 225.6k NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ABS FREDRIKSTAD AS.

Scorecard

Revenue
7.52m NOK 1.06m NOK
-85.9%
Operating result
+473.3k NOK -976.8k NOK
-306.4%
Net result
+369.4k NOK -984.6k NOK
-366.5%
Equity
13 NOK 225.6k NOK
+1735569.2%
Cash
529.5k NOK 345.8k NOK
-34.7%
Total assets
3.03m NOK 469.8k NOK
-84.5%

What improved

  • ↑

    Equity strengthened

    Book equity 13 NOK → 225.6k NOK (equity ratio 0.0% → 48.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.48m NOK → 2.99m NOK (60% → 281% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 7.52m NOK to 1.06m NOK (-85.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +473.3k NOK → -976.8k NOK (op. margin 6.3% → -91.9%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 369.4k NOK profit to a loss of 984.6k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 529.5k NOK → 345.8k NOK (-34.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 818.2k NOK → 388.2k NOK (-52.6% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 6 → 1. Reported fact