FirmaIQ
Org.nr 925 531 413 2020 → 2021 Year-over-year analysis

20TWENTY AS: årsregnskap 2021 vs 2020

Shrank 17% on revenue, stronger earnings

approved 2022-06-02; registry 2022-07-21; journal 2022 748216

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 20TWENTY AS. Revenue 735.0k NOK → 606.7k NOK (-17.5%). Net result +5 970 NOK → +870.9k NOK. Equity 27.9k NOK → 898.8k NOK.

On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
735.0k NOK 606.7k NOK
-17.5%
Operating result
+5 312 NOK n/m
—
Net result
+5 970 NOK +870.9k NOK
+14488.4%
Equity
27.9k NOK 898.8k NOK
+3121.6%
Cash
347.3k NOK 745.6k NOK
+114.7%
Total assets
762.9k NOK 960.4k NOK
+25.9%

What improved

  • ↑

    Net result improved

    Net result +5 970 NOK → +870.9k NOK (net margin 0.8% → 143.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 27.9k NOK → 898.8k NOK (equity ratio 3.7% → 93.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 347.3k NOK → 745.6k NOK (+114.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 735.0k NOK to 606.7k NOK (-17.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1 668 NOK → 4.34m NOK (0% → 716% of revenue). Calculated