FirmaIQ
Org.nr 921 169 523 2021 → 2022 Year-over-year analysis

AGF VVS AS: årsregnskap 2022 vs 2021

Grew 64% on revenue, stronger earnings

approved 2023-01-27; registry 2023-02-15; journal 2023 306675

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for AGF VVS AS. Revenue 4.18m NOK → 6.83m NOK (+63.6%). Net result +141.0k NOK → +321.3k NOK. Equity 5.13m NOK → 448.6k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AGF VVS AS.

At a glance

Scorecard

Revenue
4.18m NOK 6.83m NOK
+63.6%
Operating result
+168.5k NOK +437.8k NOK
+159.9%
Net result
+141.0k NOK +321.3k NOK
+127.9%
Equity
5.13m NOK 448.6k NOK
-91.3%
Cash
716.5k NOK 515.2k NOK
-28.1%
Total assets
630.6k NOK 1.54m NOK
+144.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.18m NOK to 6.83m NOK (+63.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +168.5k NOK → +437.8k NOK (op. margin 4.0% → 6.4%). Calculated

  • ↑

    Net result improved

    Net result +141.0k NOK → +321.3k NOK (net margin 3.4% → 4.7%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 5.13m NOK → 448.6k NOK (equity ratio 813.1% → 29.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 716.5k NOK → 515.2k NOK (-28.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 645.8k NOK → 2.68m NOK (15% → 39% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 56.3k NOK → 5.29m NOK (+9281.4% YoY). Calculated