Org.nr 916 161 549 2022 → 2023 Year-over-year analysis

TAVARE AS: årsregnskap 2023 vs 2022

Grew 183% on revenue, cash halved-plus

approved 2024-06-30; registry 2024-07-29; journal 2024 682544

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for TAVARE AS. Revenue 701 NOK → 1 981 NOK (+182.6%). Net result -16.3k NOK → -22.9k NOK. Equity -199.8k NOK → -222.7k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for TAVARE AS.

Scorecard

Revenue
701 NOK 1 981 NOK
+182.6%
Operating result
-16.0k NOK -22.6k NOK
-40.9%
Net result
-16.3k NOK -22.9k NOK
-40.3%
Equity
-199.8k NOK -222.7k NOK
-11.5%
Cash
606.1k NOK 130.7k NOK
-78.4%
Total assets
606.1k NOK 130.7k NOK
-78.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 701 NOK to 1 981 NOK (+182.6% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -16.0k NOK → -22.6k NOK (op. margin -2287.6% → -1140.9%). Calculated

  • ↓

    Net result weakened

    Net result -16.3k NOK → -22.9k NOK (net margin -2328.7% → -1155.9%). Calculated

  • ↓

    Equity eroded

    Book equity -199.8k NOK → -222.7k NOK (equity ratio -33.0% → -170.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 606.1k NOK → 130.7k NOK (-78.4% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -170.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation