Org.nr 996 095 819 2022 → 2023 Year-over-year analysis

ABSOLUTT ØKONOMI AS: årsregnskap 2023 vs 2022

Shrank 100% on revenue, returned to profit

approved 2024-05-15; registry 2024-07-22; journal 2024 656074

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ABSOLUTT ØKONOMI AS. Revenue 945.5k NOK → 1 169 NOK (-99.9%). Net result -48.9k NOK → +24.8k NOK. Equity 256.7k NOK → 281.5k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSOLUTT ØKONOMI AS.

Scorecard

Revenue
945.5k NOK 1 169 NOK
-99.9%
Operating result
-47.9k NOK +25.0k NOK
+152.3%
Net result
-48.9k NOK +24.8k NOK
+150.7%
Equity
256.7k NOK 281.5k NOK
+9.7%
Cash
342.2k NOK 398.3k NOK
+16.4%
Total assets
466.1k NOK 533.50m NOK
+114367.6%

What improved

  • ↑

    Operating result improved

    Operating result -47.9k NOK → +25.0k NOK (op. margin -5.1% → 2140.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 48.9k NOK to a profit of 24.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 256.7k NOK → 281.5k NOK (equity ratio 55.1% → 0.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 342.2k NOK → 398.3k NOK (+16.4% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.00× → 2116.99×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 945.5k NOK to 1 169 NOK (-99.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 NOK → 3.00m NOK (0% → 256404% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation