Org.nr 918 824 804 2018 → 2019 Year-over-year analysis

24/7 BUDSERVICE AS: årsregnskap 2019 vs 2018

Shrank 46% on revenue, slipped into loss

approved 2020-08-31; registry 2020-10-06; journal 2020 920584

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 24/7 BUDSERVICE AS. Revenue 2.70m NOK → 1.45m NOK (-46.4%). Net result +17.8k NOK → -455.7k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Revenue

2.70m NOK 1.45m NOK

-46.4%

Operating result

+8 040 NOK -451.3k NOK

-5712.9%

Net result

+17.8k NOK -455.7k NOK

-2660.3%

Equity

61.7k NOK n/m

—

Cash

3 810 NOK 3 810 NOK

0.0%

Total assets

730.5k NOK 366.4k NOK

-49.8%

↑
Payroll decreased

Salary cost 414.0k NOK → 353.9k NOK (15% → 24% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.70m NOK to 1.45m NOK (-46.4% YoY). Calculated
↓
Operating result weakened

Operating result +8 040 NOK → -451.3k NOK (op. margin 0.3% → -31.2%). Calculated
↓
Fell into a net loss

Net result flipped from 17.8k NOK profit to a loss of 455.7k NOK. Calculated
↓
COGS moved

COGS / varekostnad 1 150 NOK → 572.1k NOK (+49649.7% YoY). Calculated