ADVANTAGE DEVELOPMENT AS: årsregnskap 2023 vs 2022
Grew 114055% on revenue, returned to profit
approved 2024-06-30; registry 2024-07-29; journal 2024 683809
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVANTAGE DEVELOPMENT AS. Revenue 1 151 NOK → 1.31m NOK (+114054.6%). Net result -97.2k NOK → +82.1k NOK. Equity -51.1k NOK → 31.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 151 NOK to 1.31m NOK (+114054.6% YoY). Calculated
-
↑
Operating result improved
Operating result -97.2k NOK → +119.3k NOK (op. margin -8441.0% → 9.1%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 97.2k NOK to a profit of 82.1k NOK. Calculated
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↑
Equity strengthened
Book equity -51.1k NOK → 31.0k NOK (equity ratio -0.0% → 17429.2%). Calculated
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↑
Cash rose
Bank deposits 63.7k NOK → 110.9k NOK (+74.1% YoY). Calculated
What deteriorated
-
↓
Current ratio dropped below 1×
Current ratio 1.73× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated