@WORK AS: årsregnskap 2023 vs 2022
Grew 293% on revenue, returned to profit
approved 2024-05-09; registry 2024-05-13; journal 2024 408744
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for @WORK AS. Revenue 56.1k NOK → 220.7k NOK (+293.4%). Net result -7 376 NOK → +17.0k NOK. Equity 17.1k NOK → 34.0k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for @WORK AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 56.1k NOK to 220.7k NOK (+293.4% YoY). Calculated
-
↑
Operating result improved
Operating result -7 376 NOK → +19.7k NOK (op. margin -13.1% → 8.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 7 376 NOK to a profit of 17.0k NOK. Calculated
-
↑
Equity strengthened
Book equity 17.1k NOK → 34.0k NOK (equity ratio 83.0% → 67.2%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 10.4k NOK → 6 309 NOK (-39.2% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 0 NOK → 5 000 NOK (0% → 2% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 51.9k NOK → 79.3k NOK (+52.6% YoY). Calculated