FirmaIQ
Org.nr 916 925 506 2022 → 2023 Year-over-year analysis

ADD-ON AS: årsregnskap 2023 vs 2022

Shrank 36% on revenue, weaker earnings

approved 2024-06-20; registry 2024-06-29; journal 2024 542605

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADD-ON AS. Revenue 14.84m NOK → 9.46m NOK (-36.3%). Net result +873.2k NOK → +298.7k NOK. Equity 2.30m NOK → 2.60m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADD-ON AS.

At a glance

Scorecard

Revenue
14.84m NOK 9.46m NOK
-36.3%
Operating result
+127.8k NOK +392.3k NOK
+207.1%
Net result
+873.2k NOK +298.7k NOK
-65.8%
Equity
2.30m NOK 2.60m NOK
+13.0%
Cash
1.00m NOK 942.8k NOK
-5.9%
Total assets
5.50m NOK 4.22m NOK
-23.2%

What improved

  • ↑

    Operating result improved

    Operating result +127.8k NOK → +392.3k NOK (op. margin 0.9% → 4.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.30m NOK → 2.60m NOK (equity ratio 41.9% → 61.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 14.84m NOK to 9.46m NOK (-36.3% YoY). Calculated

  • ↓

    Net result weakened

    Net result +873.2k NOK → +298.7k NOK (net margin 5.9% → 3.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.00m NOK → 942.8k NOK (-5.9% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 11.29m NOK → 6.30m NOK (-44.2% YoY). Calculated