FirmaIQ
Org.nr 912 808 297 2022 → 2023 Year-over-year analysis

ADOLF HORNELAND AS: årsregnskap 2023 vs 2022

Stronger earnings, cash halved-plus

approved 2024-03-15; registry 2024-03-18; journal 2024 331028

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADOLF HORNELAND AS. Revenue 706.9k NOK → 740.9k NOK (+4.8%). Net result +1 996 NOK → +406.7k NOK. Equity 5.44m NOK → 5.85m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADOLF HORNELAND AS.

At a glance

Scorecard

Revenue
706.9k NOK 740.9k NOK
+4.8%
Operating result
+443.8k NOK +521.5k NOK
+17.5%
Net result
+1 996 NOK +406.7k NOK
+20276.2%
Equity
5.44m NOK 5.85m NOK
+7.5%
Cash
819.2k NOK 233.3k NOK
-71.5%
Total assets
6.46m NOK 6.83m NOK
+5.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 706.9k NOK to 740.9k NOK (+4.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +443.8k NOK → +521.5k NOK (op. margin 62.8% → 70.4%). Calculated

  • ↑

    Net result improved

    Net result +1 996 NOK → +406.7k NOK (net margin 0.3% → 54.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 5.44m NOK → 5.85m NOK (equity ratio 84.3% → 85.7%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 819.2k NOK → 233.3k NOK (-71.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 619 NOK → 619.6k NOK (0% → 84% of revenue). Calculated