FirmaIQ
Org.nr 927 399 423 2022 → 2023 Year-over-year analysis

ADVITECH AS: årsregnskap 2023 vs 2022

Grew 1218% on revenue, stronger earnings

approved 2024-06-30; registry 2024-07-30; journal 2024 686682

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVITECH AS. Revenue 221.6k NOK → 2.92m NOK (+1218.4%). Net result +6 593 NOK → +111.5k NOK. Equity 53.7k NOK → 145.2k NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVITECH AS.

At a glance

Scorecard

Revenue
221.6k NOK 2.92m NOK
+1218.4%
Operating result
+5 401 NOK +146.3k NOK
+2608.4%
Net result
+6 593 NOK +111.5k NOK
+1590.6%
Equity
53.7k NOK 145.2k NOK
+170.3%
Cash
442.6k NOK 726.5k NOK
+64.1%
Total assets
472.7k NOK 836.5k NOK
+77.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 221.6k NOK to 2.92m NOK (+1218.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +5 401 NOK → +146.3k NOK (op. margin 2.4% → 5.0%). Calculated

  • ↑

    Net result improved

    Net result +6 593 NOK → +111.5k NOK (net margin 3.0% → 3.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 53.7k NOK → 145.2k NOK (equity ratio 11.4% → 17.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 442.6k NOK → 726.5k NOK (+64.1% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 8 000 NOK → 0 NOK. Reported fact