Org.nr 913 422 082 2022 → 2023 Year-over-year analysis

ALGINOR ASA: årsregnskap 2023 vs 2022

Shrank 82% on revenue, weaker earnings, fresh owner capital

approved 2024-05-31; registry 2024-07-18; journal 2024 585638

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ALGINOR ASA. Revenue 689.4k NOK → 120.7k NOK (-82.5%). Net result -12.75m NOK → -25.57m NOK. Equity 396.78m NOK → 495.84m NOK.

On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
689.4k NOK 120.7k NOK
-82.5%
Operating result
-13.53m NOK -26.17m NOK
-93.4%
Net result
-12.75m NOK -25.57m NOK
-100.5%
Equity
396.78m NOK 495.84m NOK
+25.0%
Cash
16.78m NOK 20.47m NOK
+22.0%
Total assets
411.44m NOK 535.35m NOK
+30.1%

What improved

  • ↑

    Equity strengthened

    Book equity 396.78m NOK → 495.84m NOK (equity ratio 96.4% → 92.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 16.78m NOK → 20.47m NOK (+22.0% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 396.78m NOK → 495.84m NOK (+99.06m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 689.4k NOK to 120.7k NOK (-82.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -13.53m NOK → -26.17m NOK (op. margin -1963.1% → -21686.1%). Calculated

  • ↓

    Net result weakened

    Net result -12.75m NOK → -25.57m NOK (net margin -1850.0% → -21190.6%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 8.63m NOK → 14.17m NOK (1252% → 11746% of revenue). Calculated