24 BYGG AS: årsregnskap 2021 vs 2020
Grew 49% on revenue, stronger earnings
approved 2022-05-24; registry 2022-07-30; journal 2022 826642
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 24 BYGG AS. Revenue 3.15m NOK → 4.69m NOK (+49.1%). Net result +30.1k NOK → +7.21m NOK. Equity 7.16m NOK → 368.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 24 BYGG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.15m NOK to 4.69m NOK (+49.1% YoY). Calculated
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Operating result improved
Operating result +39.8k NOK → +268.0k NOK (op. margin 1.3% → 5.7%). Calculated
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Net result improved
Net result +30.1k NOK → +7.21m NOK (net margin 1.0% → 153.6%). Calculated
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Cash rose
Bank deposits 629.8k NOK → 928.2k NOK (+47.4% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.25× → 33.51×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 7.16m NOK → 368.9k NOK (equity ratio 15100.0% → 26.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.11m NOK → 1.47m NOK (35% → 31% of revenue). Calculated
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COGS moved
COGS / varekostnad 613.1k NOK → 2.43m NOK (+296.2% YoY). Calculated