FirmaIQ
Org.nr 966 093 994 2022 → 2023 Year-over-year analysis

ABSOLUTE BAR AS: årsregnskap 2023 vs 2022

Grew 16% on revenue, stronger earnings

approved 2024-02-29; registry 2024-03-07; journal 2024 321178

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ABSOLUTE BAR AS. Revenue 3.50m NOK → 4.07m NOK (+16.4%). Net result +107.1k NOK → +262.3k NOK. Equity 415.5k NOK → 677.8k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.

At a glance

Scorecard

Revenue
3.50m NOK 4.07m NOK
+16.4%
Operating result
+138.2k NOK +336.0k NOK
+143.1%
Net result
+107.1k NOK +262.3k NOK
+145.0%
Equity
415.5k NOK 677.8k NOK
+63.1%
Cash
809.0k NOK 968.0k NOK
+19.7%
Total assets
886.6k NOK 118.8k NOK
-86.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.50m NOK to 4.07m NOK (+16.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +138.2k NOK → +336.0k NOK (op. margin 4.0% → 8.3%). Calculated

  • ↑

    Net result improved

    Net result +107.1k NOK → +262.3k NOK (net margin 3.1% → 6.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 415.5k NOK → 677.8k NOK (equity ratio 46.9% → 570.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 809.0k NOK → 968.0k NOK (+19.7% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.88× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 106.6k NOK → 1.42m NOK (+1230.7% YoY). Calculated