Org.nr 995 453 975 2017 → 2018 Year-over-year analysis

24FITNESS AS: årsregnskap 2018 vs 2017

Shrank 8% on revenue

approved 2019-06-30; registry 2019-10-31; journal 2019 942268

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 24FITNESS AS. Revenue 9.90m NOK → 9.10m NOK (-8.1%). Equity 1.37m NOK → 1.45m NOK.

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

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 24FITNESS AS.

At a glance

Revenue

9.90m NOK 9.10m NOK

-8.1%

Net result

+299.3k NOK n/m

—

Equity

1.37m NOK 1.45m NOK

+5.6%

Cash

460.9k NOK 554.1k NOK

+20.2%

Total assets

2.03m NOK 2.17m NOK

+7.1%

↑
Equity strengthened

Book equity 1.37m NOK → 1.45m NOK (equity ratio 67.8% → 66.8%). Calculated
↑
Cash rose

Bank deposits 460.9k NOK → 554.1k NOK (+20.2% YoY). Calculated

↓
Revenue fell

Operating income / revenue moved from 9.90m NOK to 9.10m NOK (-8.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 924.7k NOK → 955.5k NOK (9% → 10% of revenue). Calculated

·
COGS fell

COGS / varekostnad 6.27m NOK → 5.34m NOK (-14.8% YoY). Calculated
·
Book investments changed

Investment / intangible book value 233.4k NOK → 308.4k NOK. Reported fact