Org.nr 926 034 294 2022 → 2023 Year-over-year analysis

ADOLFSEN EIENDOM AS: årsregnskap 2023 vs 2022

Stronger earnings, cash halved-plus

approved 2024-06-11; registry 2024-06-19; journal 2024 518603

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADOLFSEN EIENDOM AS. Revenue 119.0k NOK → 119.0k NOK (0.0%). Net result -151.6k NOK → -38.9k NOK. Equity -456.9k NOK → -495.8k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADOLFSEN EIENDOM AS.

Scorecard

Revenue
119.0k NOK 119.0k NOK
0.0%
Operating result
-55.5k NOK -38.9k NOK
+29.9%
Net result
-151.6k NOK -38.9k NOK
+74.3%
Equity
-456.9k NOK -495.8k NOK
-8.5%
Cash
158.9k NOK 74.3k NOK
-53.3%
Total assets
1.34m NOK 1.19m NOK
-10.9%

What improved

  • ↑

    Operating result improved

    Operating result -55.5k NOK → -38.9k NOK (op. margin -46.6% → -32.7%). Calculated

  • ↑

    Net result improved

    Net result -151.6k NOK → -38.9k NOK (net margin -127.4% → -32.7%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -456.9k NOK → -495.8k NOK (equity ratio -34.1% → -41.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 158.9k NOK → 74.3k NOK (-53.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -41.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation