FirmaIQ
Org.nr 922 633 878 2022 → 2023 Year-over-year analysis

ADVANCE AS: årsregnskap 2023 vs 2022

Weaker earnings, cash halved-plus

approved 2024-07-29; registry 2024-08-02; journal 2024 704092

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVANCE AS. Revenue 294.1k NOK → 294.1k NOK (0.0%). Net result -40.1k NOK → -146.9k NOK. Equity 241.8k NOK → 94.9k NOK.

On the constructive side: payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
294.1k NOK 294.1k NOK
0.0%
Operating result
-16.4k NOK -119.1k NOK
-624.1%
Net result
-40.1k NOK -146.9k NOK
-266.3%
Equity
241.8k NOK 94.9k NOK
-60.8%
Cash
84.9k NOK 10.3k NOK
-87.8%
Total assets
566.8k NOK 116.1k NOK
-79.5%

What improved

  • ↑

    Payroll decreased

    Salary cost 145.4k NOK → -12.5k NOK (49% → -4% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -16.4k NOK → -119.1k NOK (op. margin -5.6% → -40.5%). Calculated

  • ↓

    Net result weakened

    Net result -40.1k NOK → -146.9k NOK (net margin -13.6% → -49.9%). Calculated

  • ↓

    Equity eroded

    Book equity 241.8k NOK → 94.9k NOK (equity ratio 42.7% → 81.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 84.9k NOK → 10.3k NOK (-87.8% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 40.53× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated