FirmaIQ
Org.nr 999 155 278 2022 → 2023 Year-over-year analysis

ADVANCE EIENDOM AS: årsregnskap 2023 vs 2022

Shrank 14% on revenue, cash halved-plus

approved 2024-06-19; registry 2024-06-22; journal 2024 532280

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVANCE EIENDOM AS. Revenue 1.35m NOK → 1.17m NOK (-13.6%). Net result +29.4k NOK → +36.4k NOK. Equity 49.9k NOK → 86.3k NOK.

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

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
1.35m NOK 1.17m NOK
-13.6%
Operating result
+315.2k NOK +424.5k NOK
+34.7%
Net result
+29.4k NOK +36.4k NOK
+23.7%
Equity
49.9k NOK 86.3k NOK
+72.8%
Cash
625.2k NOK 252.9k NOK
-59.6%
Total assets
5.16m NOK 4.38m NOK
-15.3%

What improved

  • ↑

    Operating result improved

    Operating result +315.2k NOK → +424.5k NOK (op. margin 23.3% → 36.3%). Calculated

  • ↑

    Net result improved

    Net result +29.4k NOK → +36.4k NOK (net margin 2.2% → 3.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 49.9k NOK → 86.3k NOK (equity ratio 1.0% → 2.0%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.35m NOK to 1.17m NOK (-13.6% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 625.2k NOK → 252.9k NOK (-59.6% YoY). Calculated