FirmaIQ
Org.nr 995 453 975 2019 → 2020 Year-over-year analysis

24FITNESS AS: årsregnskap 2020 vs 2019

Grew 18% on revenue, slipped into loss

approved 2021-12-31; registry 2022-03-14; journal 2022 143579

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 24FITNESS AS. Revenue 9.40m NOK → 11.05m NOK (+17.6%). Net result +303.9k NOK → -310.3k NOK. Equity 1.45m NOK → 1.14m NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 24FITNESS AS.

At a glance

Scorecard

Revenue
9.40m NOK 11.05m NOK
+17.6%
Operating result
+387.7k NOK -308.0k NOK
-179.4%
Net result
+303.9k NOK -310.3k NOK
-202.1%
Equity
1.45m NOK 1.14m NOK
-21.3%
Cash
453.2k NOK 465.9k NOK
+2.8%
Total assets
2.07m NOK 2.11m NOK
+1.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.40m NOK to 11.05m NOK (+17.6% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 453.2k NOK → 465.9k NOK (+2.8% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +387.7k NOK → -308.0k NOK (op. margin 4.1% → -2.8%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 303.9k NOK profit to a loss of 310.3k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.45m NOK → 1.14m NOK (equity ratio 70.3% → 54.4%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 312.6k NOK → 1.59m NOK (3% → 14% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 5.44m NOK → 6.59m NOK (+21.2% YoY). Calculated