FirmaIQ
Org.nr 920 272 916 2022 → 2023 Year-over-year analysis

ACCESS NORWAY CONSULTING AS: årsregnskap 2023 vs 2022

Grew 33% on revenue

registry 2024-05-21; journal 2024 424300

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ACCESS NORWAY CONSULTING AS. Revenue 2.52m NOK → 3.35m NOK (+32.7%). Net result +404.6k NOK → +447.9k NOK. Equity 639.2k NOK → 87.1k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS NORWAY CONSULTING AS.

At a glance

Scorecard

Revenue
2.52m NOK 3.35m NOK
+32.7%
Operating result
+520.3k NOK +551.1k NOK
+5.9%
Net result
+404.6k NOK +447.9k NOK
+10.7%
Equity
639.2k NOK 87.1k NOK
-86.4%
Cash
118.8k NOK 1.38m NOK
+1063.1%
Total assets
499.8k NOK 1.88m NOK
+275.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.52m NOK to 3.35m NOK (+32.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +520.3k NOK → +551.1k NOK (op. margin 20.6% → 16.5%). Calculated

  • ↑

    Net result improved

    Net result +404.6k NOK → +447.9k NOK (net margin 16.0% → 13.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 118.8k NOK → 1.38m NOK (+1063.1% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.58× → 2.38×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 639.2k NOK → 87.1k NOK (equity ratio 127.9% → 4.6%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation