ADAMS BYGGESERVICE AS: årsregnskap 2023 vs 2022
Shrank 61% on revenue, returned to profit
approved 2024-04-22; registry 2024-05-14; journal 2024 411534
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADAMS BYGGESERVICE AS. Revenue 257.7k NOK → 101.6k NOK (-60.6%). Net result -85.0k NOK → +20.9k NOK. Equity -628.8k NOK → -607.9k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADAMS BYGGESERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -84.8k NOK → +21.8k NOK (op. margin -32.9% → 21.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 85.0k NOK to a profit of 20.9k NOK. Calculated
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↑
Equity strengthened
Book equity -628.8k NOK → -607.9k NOK (equity ratio -1835.4% → -1266.8%). Calculated
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Cash rose
Bank deposits 34.3k NOK → 48.0k NOK (+40.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 257.7k NOK to 101.6k NOK (-60.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 27.2k NOK (0% → 27% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 128.2k NOK → 15.4k NOK (-88.0% YoY). Calculated