Org.nr 928 659 100 2022 → 2023 Year-over-year analysis

AGRONÆR AS: årsregnskap 2023 vs 2022

Shrank 57% on revenue, slipped into loss

approved 2024-04-22; registry 2024-05-13; journal 2024 408039

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for AGRONÆR AS. Revenue 75.7k NOK → 32.8k NOK (-56.7%). Net result +15.5k NOK → -55.6k NOK. Equity 39.9k NOK → -15.6k NOK.

On the constructive side: cash rose. 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 AGRONÆR AS.

Scorecard

Revenue
75.7k NOK 32.8k NOK
-56.7%
Operating result
+21.6k NOK -64.8k NOK
-399.9%
Net result
+15.5k NOK -55.6k NOK
-458.2%
Equity
39.9k NOK -15.6k NOK
-139.1%
Cash
37.2k NOK 82.6k NOK
+122.2%
Total assets
246.0k NOK 223.8k NOK
-9.0%

What improved

  • ↑

    Cash rose

    Bank deposits 37.2k NOK → 82.6k NOK (+122.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 75.7k NOK to 32.8k NOK (-56.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +21.6k NOK → -64.8k NOK (op. margin 28.5% → -197.6%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 15.5k NOK profit to a loss of 55.6k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 39.9k NOK → -15.6k NOK (equity ratio 16.2% → -7.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 32.4k NOK → 18.0k NOK (-44.4% YoY). Calculated