FirmaIQ
Org.nr 927 501 066 2022 → 2023 Year-over-year analysis

ADA SOGNDAL F AS: årsregnskap 2023 vs 2022

Grew 348% on revenue, stronger earnings, cash halved-plus

approved 2024-05-02; registry 2024-06-29; journal 2024 540707

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADA SOGNDAL F AS. Revenue 528.3k NOK → 2.36m NOK (+347.6%). Net result +191.3k NOK → +479.4k NOK. Equity 554.5k NOK → 731.1k NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADA SOGNDAL F AS.

At a glance

Scorecard

Revenue
528.3k NOK 2.36m NOK
+347.6%
Operating result
+96.5k NOK +1.27m NOK
+1214.3%
Net result
+191.3k NOK +479.4k NOK
+150.6%
Equity
554.5k NOK 731.1k NOK
+31.8%
Cash
1.28m NOK 326.1k NOK
-74.5%
Total assets
32.06m NOK 30.88m NOK
-3.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 528.3k NOK to 2.36m NOK (+347.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +96.5k NOK → +1.27m NOK (op. margin 18.3% → 53.6%). Calculated

  • ↑

    Net result improved

    Net result +191.3k NOK → +479.4k NOK (net margin 36.2% → 20.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 554.5k NOK → 731.1k NOK (equity ratio 1.7% → 2.4%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.19× → 1.50×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.28m NOK → 326.1k NOK (-74.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.28m NOK → 326.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation