Org.nr 998 457 149 2022 → 2023 Year-over-year analysis

ADVASAN MEDICAL GROUP AS: årsregnskap 2023 vs 2022

Grew 1418% on revenue, returned to profit

approved 2024-07-30; registry 2024-08-03; journal 2024 707181

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVASAN MEDICAL GROUP AS. Revenue 5 767 NOK → 87.5k NOK (+1417.9%). Net result -17.3k NOK → +22.2k NOK. Equity 39.9k NOK → 62.2k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVASAN MEDICAL GROUP AS.

Scorecard

Revenue
5 767 NOK 87.5k NOK
+1417.9%
Operating result
-17.3k NOK +20.6k NOK
+219.0%
Net result
-17.3k NOK +22.2k NOK
+228.5%
Equity
39.9k NOK 62.2k NOK
+55.6%
Cash
31.2k NOK 84.0k NOK
+169.2%
Total assets
108.1k NOK 112.1k NOK
+3.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5 767 NOK to 87.5k NOK (+1417.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -17.3k NOK → +20.6k NOK (op. margin -300.1% → 23.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 17.3k NOK to a profit of 22.2k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 39.9k NOK → 62.2k NOK (equity ratio 37.0% → 55.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 31.2k NOK → 84.0k NOK (+169.2% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 8 594 NOK → 50.8k NOK (+490.9% YoY). Calculated