FirmaIQ
Org.nr 980 708 942 2022 → 2023 Year-over-year analysis

AD2R HOLDING AS: årsregnskap 2023 vs 2022

Shrank 14% on revenue

approved 2024-05-07; registry 2024-06-19; journal 2024 496901

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for AD2R HOLDING AS. Revenue 14.89m NOK → 12.85m NOK (-13.7%). Net result +8.92m NOK → +7.45m NOK. Equity 10.13m NOK → 14.82m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for AD2R HOLDING AS.

At a glance

Scorecard

Revenue
14.89m NOK 12.85m NOK
-13.7%
Operating result
+4.87m NOK +3.22m NOK
-33.9%
Net result
+8.92m NOK +7.45m NOK
-16.4%
Equity
10.13m NOK 14.82m NOK
+46.3%
Cash
2.26m NOK 10.85m NOK
+380.7%
Total assets
14.36m NOK 18.13m NOK
+26.2%

What improved

  • ↑

    Equity strengthened

    Book equity 10.13m NOK → 14.82m NOK (equity ratio 70.5% → 81.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.26m NOK → 10.85m NOK (+380.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.34m NOK → 3.63m NOK (29% → 28% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 14.89m NOK to 12.85m NOK (-13.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.87m NOK → +3.22m NOK (op. margin 32.7% → 25.1%). Calculated

  • ↓

    Net result weakened

    Net result +8.92m NOK → +7.45m NOK (net margin 59.9% → 58.0%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 4.02m NOK → 4.45m NOK (+10.6% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 3.59m NOK → 6.73m NOK. Reported fact