Org.nr 915 169 376 2022 → 2023 Year-over-year analysis

ACCURATE BUSINESS AS: årsregnskap 2023 vs 2022

Shrank 82% on revenue, cash halved-plus

approved 2024-06-20; registry 2024-07-24; journal 2024 667641

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ACCURATE BUSINESS AS. Revenue 304.6k NOK → 54.2k NOK (-82.2%). Net result -94.2k NOK → -91.5k NOK. Equity -32.9k NOK → -124.4k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACCURATE BUSINESS AS.

Scorecard

Revenue
304.6k NOK 54.2k NOK
-82.2%
Operating result
-93.7k NOK -91.2k NOK
+2.6%
Net result
-94.2k NOK -91.5k NOK
+2.9%
Equity
-32.9k NOK -124.4k NOK
-277.6%
Cash
30.4k NOK 13.5k NOK
-55.4%
Total assets
72.8k NOK 76.3k NOK
+4.9%

What improved

  • ↑

    Operating result improved

    Operating result -93.7k NOK → -91.2k NOK (op. margin -30.8% → -168.3%). Calculated

  • ↑

    Payroll decreased

    Salary cost 43.1k NOK → 29.6k NOK (14% → 55% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 304.6k NOK to 54.2k NOK (-82.2% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -32.9k NOK → -124.4k NOK (equity ratio -45.3% → -162.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 30.4k NOK → 13.5k NOK (-55.4% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -162.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Headcount (årsverk) changed

    Reported FTEs 1 → 0. Reported fact