Org.nr 920 399 401 2022 → 2023 Year-over-year analysis

ACCESS REHAB AS: årsregnskap 2023 vs 2022

Grew 36% on revenue, stronger earnings, cash halved-plus

approved 2024-05-31; registry 2024-06-04; journal 2024 482219

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ACCESS REHAB AS. Revenue 30.0k NOK → 40.7k NOK (+35.8%). Net result +7 427 NOK → +62.8k NOK. Equity -342.3k NOK → -279.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

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

Scorecard

Revenue
30.0k NOK 40.7k NOK
+35.8%
Operating result
+10.6k NOK +59.6k NOK
+460.4%
Net result
+7 427 NOK +62.8k NOK
+745.9%
Equity
-342.3k NOK -279.5k NOK
+18.4%
Cash
2 133 NOK -376 NOK
-117.6%
Total assets
124.0k NOK 70.5k NOK
-43.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 30.0k NOK to 40.7k NOK (+35.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +10.6k NOK → +59.6k NOK (op. margin 35.4% → 146.3%). Calculated

  • ↑

    Net result improved

    Net result +7 427 NOK → +62.8k NOK (net margin 24.8% → 154.2%). Calculated

  • ↑

    Equity strengthened

    Book equity -342.3k NOK → -279.5k NOK (equity ratio -276.1% → -396.5%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 2 133 NOK → -376 NOK (-117.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -396.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation