20/20 PICTURES AS: årsregnskap 2024 vs 2023
Grew 230% on revenue, weaker earnings
approved 2025-05-13; registry 2025-05-28; journal 2025 478817
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 20/20 PICTURES AS. Revenue 19.6k NOK → 64.7k NOK (+230.1%). Net result -29.4k NOK → -80.0k NOK. Equity -1.38m NOK → -1.46m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 20/20 PICTURES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 19.6k NOK to 64.7k NOK (+230.1% YoY). Calculated
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↑
Cash rose
Bank deposits 2 141 NOK → 68.6k NOK (+3102.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -27.9k NOK → -79.5k NOK (op. margin -142.1% → -122.9%). Calculated
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↓
Net result weakened
Net result -29.4k NOK → -80.0k NOK (net margin -149.8% → -123.6%). Calculated
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↓
Equity eroded
Book equity -1.38m NOK → -1.46m NOK (equity ratio -644.4% → -1044.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1044.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 19.6k NOK → 84.2k NOK (+329.4% YoY). Calculated