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Org.nr 888 349 472 2019 → 2020 Year-over-year analysis

2-BIZ NORWAY AS: årsregnskap 2020 vs 2019

Shrank 9% on revenue

approved 2020-09-25; registry 2020-11-09; journal 2020 966782

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 2-BIZ NORWAY AS. Revenue 31.76m NOK → 29.02m NOK (-8.6%). Net result +245.1k NOK → +197.0k NOK. Equity 1.29m NOK → 1.49m NOK.

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

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

At a glance

Scorecard

Revenue
31.76m NOK 29.02m NOK
-8.6%
Operating result
+309.7k NOK +255.8k NOK
-17.4%
Net result
+245.1k NOK +197.0k NOK
-19.6%
Equity
1.29m NOK 1.49m NOK
+15.2%
Cash
2.92m NOK 3.11m NOK
+6.5%
Total assets
5.79m NOK 4.82m NOK
-16.7%

What improved

  • ↑

    Equity strengthened

    Book equity 1.29m NOK → 1.49m NOK (equity ratio 22.3% → 30.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.92m NOK → 3.11m NOK (+6.5% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 31.76m NOK to 29.02m NOK (-8.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +309.7k NOK → +255.8k NOK (op. margin 1.0% → 0.9%). Calculated

  • ↓

    Net result weakened

    Net result +245.1k NOK → +197.0k NOK (net margin 0.8% → 0.7%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 30.88m NOK → 28.18m NOK (-8.7% YoY). Calculated