ADVENGE CONSULTING AS: årsregnskap 2023 vs 2022
Grew 48% on revenue, stronger earnings
approved 2024-05-27; registry 2024-05-29; journal 2024 453035
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVENGE CONSULTING AS. Revenue 333.7k NOK → 494.2k NOK (+48.1%). Net result -119.4k NOK → -85.6k NOK. Equity 159.0k NOK → 73.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVENGE CONSULTING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 333.7k NOK to 494.2k NOK (+48.1% YoY). Calculated
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Operating result improved
Operating result -119.8k NOK → -85.6k NOK (op. margin -35.9% → -17.3%). Calculated
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Net result improved
Net result -119.4k NOK → -85.6k NOK (net margin -35.8% → -17.3%). Calculated
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Cash rose
Bank deposits 805.8k NOK → 852.8k NOK (+5.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 159.0k NOK → 73.4k NOK (equity ratio 17.3% → 7.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 159.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 0 NOK → 2.53m NOK (0% → 512% of revenue). Calculated
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Book investments changed
Investment / intangible book value 115.1k NOK → 250.5k NOK. Reported fact