ADEKVAT VVS AS: årsregnskap 2023 vs 2022
Shrank 21% on revenue, returned to profit
approved 2024-05-31; registry 2024-06-29; journal 2024 560573
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADEKVAT VVS AS. Revenue 5.92m NOK → 4.67m NOK (-21.2%). Net result -675.5k NOK → +363.1k NOK. Equity 1.26m NOK → 979.9k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADEKVAT VVS AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -486.2k NOK → +413.5k NOK (op. margin -8.2% → 8.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 675.5k NOK to a profit of 363.1k NOK. Calculated
-
↑
Cash rose
Bank deposits 598.9k NOK → 659.5k NOK (+10.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 2.75m NOK → 1.82m NOK (46% → 39% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.92m NOK to 4.67m NOK (-21.2% YoY). Calculated
-
↓
Equity eroded
Book equity 1.26m NOK → 979.9k NOK (equity ratio 45.9% → 47.3%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.95× → -96.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 1.97m NOK → 1.20m NOK (-39.0% YoY). Calculated
-
·
Headcount (årsverk) changed
Reported FTEs 4 → 2. Reported fact