FirmaIQ
Org.nr 992 122 110 2022 → 2023 Year-over-year analysis

ADAX NORGE AS: årsregnskap 2023 vs 2022

Grew 6% on revenue, weaker earnings

approved 2024-07-09; registry 2024-07-18; journal 2024 642070

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADAX NORGE AS. Revenue 10.57m NOK → 11.16m NOK (+5.6%). Net result +397.3k NOK → +304.0k NOK. Equity 1.81m NOK → 2.11m NOK.

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

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAX NORGE AS.

At a glance

Scorecard

Revenue
10.57m NOK 11.16m NOK
+5.6%
Operating result
+507.1k NOK +366.5k NOK
-27.7%
Net result
+397.3k NOK +304.0k NOK
-23.5%
Equity
1.81m NOK 2.11m NOK
+16.8%
Cash
31.5k NOK 937.9k NOK
+2878.1%
Total assets
4.31m NOK 4.42m NOK
+2.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.57m NOK to 11.16m NOK (+5.6% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 1.81m NOK → 2.11m NOK (equity ratio 42.0% → 47.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 31.5k NOK → 937.9k NOK (+2878.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +507.1k NOK → +366.5k NOK (op. margin 4.8% → 3.3%). Calculated

  • ↓

    Net result weakened

    Net result +397.3k NOK → +304.0k NOK (net margin 3.8% → 2.7%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 790.7k NOK → 834.5k NOK (7% → 7% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 7.02m NOK → 8.30m NOK (+18.2% YoY). Calculated