FirmaIQ
Org.nr 995 205 262 2022 → 2023 Year-over-year analysis

ADIMA ENGINEERING AS: årsregnskap 2023 vs 2022

Grew 15% on revenue, stronger earnings, cash halved-plus

approved 2024-02-21; registry 2024-05-30; journal 2024 462286

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADIMA ENGINEERING AS. Revenue 2.52m NOK → 2.90m NOK (+15.0%). Net result +46.4k NOK → +117.4k NOK. Equity 858.8k NOK → 976.2k NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADIMA ENGINEERING AS.

At a glance

Scorecard

Revenue
2.52m NOK 2.90m NOK
+15.0%
Operating result
+42.7k NOK +124.2k NOK
+190.7%
Net result
+46.4k NOK +117.4k NOK
+152.8%
Equity
858.8k NOK 976.2k NOK
+13.7%
Cash
1.59m NOK 546.9k NOK
-65.7%
Total assets
1.89m NOK 1.68m NOK
-11.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.52m NOK to 2.90m NOK (+15.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +42.7k NOK → +124.2k NOK (op. margin 1.7% → 4.3%). Calculated

  • ↑

    Net result improved

    Net result +46.4k NOK → +117.4k NOK (net margin 1.8% → 4.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 858.8k NOK → 976.2k NOK (equity ratio 45.5% → 58.3%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.59m NOK → 546.9k NOK (-65.7% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.59m NOK → 546.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation