Org.nr 989 186 647 2022 → 2023 Year-over-year analysis

ACO AS: årsregnskap 2023 vs 2022

Stronger earnings

approved 2024-06-24; registry 2024-06-29; journal 2024 569046

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ACO AS. Revenue 3.03m NOK → 3.11m NOK (+2.6%). Net result -2.15m NOK → -1.35m NOK. Equity 1.10m NOK → 430.4k NOK.

On the constructive side: revenue rose; net result improved; owners injected capital. Pressures included: operating result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACO AS.

Scorecard

Revenue
3.03m NOK 3.11m NOK
+2.6%
Operating result
-2.18m NOK -2.82m NOK
-28.9%
Net result
-2.15m NOK -1.35m NOK
+37.5%
Equity
1.10m NOK 430.4k NOK
-60.9%
Cash
5.24m NOK 4.67m NOK
-11.0%
Total assets
17.02m NOK 22.67m NOK
+33.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.03m NOK to 3.11m NOK (+2.6% YoY). Calculated

  • ↑

    Net result improved

    Net result -2.15m NOK → -1.35m NOK (net margin -71.1% → -43.3%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 3.84m NOK → 4.52m NOK (+676.1k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -2.18m NOK → -2.82m NOK (op. margin -72.1% → -90.6%). Calculated

  • ↓

    Equity eroded

    Book equity 1.10m NOK → 430.4k NOK (equity ratio 6.5% → 1.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.24m NOK → 4.67m NOK (-11.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 362.6k NOK → 390.1k NOK (+7.6% YoY). Calculated