Org.nr 989 307 606 2021 → 2022 Year-over-year analysis

ECOTEQ ENERGY ASA: årsregnskap 2022 vs 2021

Shrank 34% on revenue

approved 2023-06-16; registry 2023-07-26; journal 2023 611600

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ECOTEQ ENERGY ASA. Revenue 211.0k NOK → 140.0k NOK (-33.6%). Net result -3.24m NOK → -3.83m NOK. Equity -20.69m NOK → -392.0k NOK.

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

Mixed year — gains and pressures both show up.

Scorecard

Revenue
211.0k NOK 140.0k NOK
-33.6%
Operating result
-1.63m NOK -2.17m NOK
-33.5%
Net result
-3.24m NOK -3.83m NOK
-18.2%
Equity
-20.69m NOK -392.0k NOK
+98.1%
Cash
16.0k NOK 11.0k NOK
-31.2%
Total assets
44.0k NOK 394.0k NOK
+795.5%

What improved

  • ↑

    Equity strengthened

    Book equity -20.69m NOK → -392.0k NOK (equity ratio -47022.7% → -99.5%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.48bn NOK → 1.50bn NOK (+24.13m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 359.0k NOK → 362 NOK (170% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 211.0k NOK to 140.0k NOK (-33.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -1.63m NOK → -2.17m NOK (op. margin -771.6% → -1552.9%). Calculated

  • ↓

    Net result weakened

    Net result -3.24m NOK → -3.83m NOK (net margin -1537.0% → -2737.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 16.0k NOK → 11.0k NOK (-31.2% YoY). Calculated