Org.nr 922 945 098 2022 → 2023 Year-over-year analysis

AIRON AS: årsregnskap 2023 vs 2022

Grew 81% on revenue, stronger earnings

approved 2024-06-25; registry 2024-07-23; journal 2024 665032

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for AIRON AS. Revenue 5.26m NOK → 9.53m NOK (+81.1%). Net result +124.4k NOK → +193.6k NOK. Equity 934.6k NOK → 128.1k NOK.

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

Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIRON AS.

Scorecard

Revenue
5.26m NOK 9.53m NOK
+81.1%
Operating result
+202.2k NOK +364.4k NOK
+80.3%
Net result
+124.4k NOK +193.6k NOK
+55.6%
Equity
934.6k NOK 128.1k NOK
-86.3%
Cash
714.3k NOK 417.0k NOK
-41.6%
Total assets
2.52m NOK 2.85m NOK
+12.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.26m NOK to 9.53m NOK (+81.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +202.2k NOK → +364.4k NOK (op. margin 3.8% → 3.8%). Calculated

  • ↑

    Net result improved

    Net result +124.4k NOK → +193.6k NOK (net margin 2.4% → 2.0%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 934.6k NOK → 128.1k NOK (equity ratio 37.0% → 4.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 714.3k NOK → 417.0k NOK (-41.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 1.54m NOK → 5.96m NOK (+287.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 10.5k NOK → 0 NOK. Reported fact