FirmaIQ
Org.nr 888 349 472 2017 → 2018 Year-over-year analysis

2-BIZ NORWAY AS: årsregnskap 2018 vs 2017

Grew 9024% on revenue, cash halved-plus

approved 2018-12-03; registry 2019-01-24; journal 2019 202843

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 2-BIZ NORWAY AS. Revenue 356.7k NOK → 32.55m NOK (+9024.1%). Net result +838.9k NOK → +853.8k NOK. Equity 2.19m NOK → 1.05m NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2-BIZ NORWAY AS.

At a glance

Scorecard

Revenue
356.7k NOK 32.55m NOK
+9024.1%
Operating result
+29.8k NOK +953.9k NOK
+3101.7%
Net result
+838.9k NOK +853.8k NOK
+1.8%
Equity
2.19m NOK 1.05m NOK
-52.3%
Cash
592.3k NOK 269.3k NOK
-54.5%
Total assets
5.43m NOK 6.34m NOK
+16.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 356.7k NOK to 32.55m NOK (+9024.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +29.8k NOK → +953.9k NOK (op. margin 8.4% → 2.9%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.19m NOK → 1.05m NOK (equity ratio 40.4% → 16.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 592.3k NOK → 269.3k NOK (-54.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 35.80m NOK → 31.43m NOK (-12.2% YoY). Calculated