FirmaIQ
Org.nr 994 986 775 2019 → 2020 Year-over-year analysis

123BILMEGLER HARDANGER AS: årsregnskap 2020 vs 2019

Grew 63% on revenue, cash halved-plus

approved 2021-09-24; registry 2021-10-16; journal 2021 825550

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 123BILMEGLER HARDANGER AS. Revenue 4.75m NOK → 7.74m NOK (+62.9%). Net result +218.8k NOK → +231.9k NOK. Equity -463.4k NOK → -231.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 123BILMEGLER HARDANGER AS.

At a glance

Scorecard

Revenue
4.75m NOK 7.74m NOK
+62.9%
Operating result
+276.1k NOK +296.4k NOK
+7.3%
Net result
+218.8k NOK +231.9k NOK
+6.0%
Equity
-463.4k NOK -231.5k NOK
+50.0%
Cash
25.5k NOK 11.3k NOK
-55.5%
Total assets
427.6k NOK 708.4k NOK
+65.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.75m NOK to 7.74m NOK (+62.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +276.1k NOK → +296.4k NOK (op. margin 5.8% → 3.8%). Calculated

  • ↑

    Net result improved

    Net result +218.8k NOK → +231.9k NOK (net margin 4.6% → 3.0%). Calculated

  • ↑

    Equity strengthened

    Book equity -463.4k NOK → -231.5k NOK (equity ratio -108.4% → -32.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 90.6k NOK → 63.0k NOK (2% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 25.5k NOK → 11.3k NOK (-55.5% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 3.96m NOK → 6.93m NOK (+75.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 55.3k NOK → 19.7k NOK. Reported fact