FirmaIQ
Org.nr 915 473 865 2022 → 2023 Year-over-year analysis

ADVIK AS: årsregnskap 2023 vs 2022

Shrank 13% on revenue, slipped into loss, cash halved-plus

approved 2024-03-18; registry 2024-06-14; journal 2024 466929

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVIK AS. Revenue 11.08m NOK → 9.69m NOK (-12.6%). Net result +491.5k NOK → -348.1k NOK. Equity 265.9k NOK → -82.2k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVIK AS.

At a glance

Scorecard

Revenue
11.08m NOK 9.69m NOK
-12.6%
Operating result
+598.5k NOK -265.1k NOK
-144.3%
Net result
+491.5k NOK -348.1k NOK
-170.8%
Equity
265.9k NOK -82.2k NOK
-130.9%
Cash
869.6k NOK 345.3k NOK
-60.3%
Total assets
2.37m NOK 2.07m NOK
-12.5%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.08m NOK to 9.69m NOK (-12.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +598.5k NOK → -265.1k NOK (op. margin 5.4% → -2.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 491.5k NOK profit to a loss of 348.1k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 265.9k NOK → -82.2k NOK (equity ratio 11.2% → -4.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 869.6k NOK → 345.3k NOK (-60.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 5.00m NOK → 4.38m NOK (-12.3% YoY). Calculated