FirmaIQ
Org.nr 998 548 217 2022 → 2023 Year-over-year analysis

NOREXECO ASA: årsregnskap 2023 vs 2022

Shrank 42% on revenue

approved 2024-05-23; registry 2024-07-30; journal 2024 686741

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for NOREXECO ASA. Revenue 947.1k NOK → 552.9k NOK (-41.6%). Net result -16.12m NOK → -15.23m NOK. Equity 18.25m NOK → 15.43m NOK.

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

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
947.1k NOK 552.9k NOK
-41.6%
Operating result
-16.14m NOK -15.64m NOK
+3.1%
Net result
-16.12m NOK -15.23m NOK
+5.5%
Equity
18.25m NOK 15.43m NOK
-15.5%
Cash
19.98m NOK 18.06m NOK
-9.6%
Total assets
21.04m NOK 18.84m NOK
-10.5%

What improved

  • ↑

    Operating result improved

    Operating result -16.14m NOK → -15.64m NOK (op. margin -1704.3% → -2828.0%). Calculated

  • ↑

    Net result improved

    Net result -16.12m NOK → -15.23m NOK (net margin -1702.3% → -2754.8%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 160.54m NOK → 172.94m NOK (+12.41m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 9.68m NOK → 8.98m NOK (1022% → 1624% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 947.1k NOK to 552.9k NOK (-41.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 18.25m NOK → 15.43m NOK (equity ratio 86.7% → 81.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 19.98m NOK → 18.06m NOK (-9.6% YoY). Calculated