FirmaIQ
Org.nr 988 988 545 2021 → 2022 Year-over-year analysis

ADD ON FITNESS INTERNATIONAL AS: årsregnskap 2022 vs 2021

Grew 72382% on revenue, stronger earnings, cash halved-plus

approved 2023-05-12; registry 2023-05-15; journal 2023 405368

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADD ON FITNESS INTERNATIONAL AS. Revenue 1 139 NOK → 825.6k NOK (+72382.1%). Net result -278.4k NOK → -161.8k NOK. Equity 667.4k NOK → 505.6k NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1 139 NOK 825.6k NOK
+72382.1%
Operating result
-15.8k NOK +108.9k NOK
+790.1%
Net result
-278.4k NOK -161.8k NOK
+41.9%
Equity
667.4k NOK 505.6k NOK
-24.2%
Cash
185.4k NOK 77.4k NOK
-58.2%
Total assets
1.24m NOK 952.4k NOK
-22.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 139 NOK to 825.6k NOK (+72382.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -15.8k NOK → +108.9k NOK (op. margin -1384.9% → 13.2%). Calculated

  • ↑

    Net result improved

    Net result -278.4k NOK → -161.8k NOK (net margin -24443.8% → -19.6%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.05× → 3.03×. Calculated

  • ↑

    Payroll decreased

    Salary cost 780.3k NOK → 596.4k NOK (68511% → 72% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 667.4k NOK → 505.6k NOK (equity ratio 54.0% → 53.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 185.4k NOK → 77.4k NOK (-58.2% YoY). Calculated