FirmaIQ
Org.nr 995 595 397 2018 → 2019 Year-over-year analysis

24SEVENSOCIAL AS: årsregnskap 2019 vs 2018

Returned to profit, fresh owner capital

approved 2020-05-20; registry 2020-07-29; journal 2020 620774

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 24SEVENSOCIAL AS. Revenue 11.08m NOK → 10.77m NOK (-2.7%). Net result -3.00m NOK → +5.07m NOK. Equity -5.04m NOK → 1.52m NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
11.08m NOK 10.77m NOK
-2.7%
Operating result
+560 NOK +4 539 NOK
+710.5%
Net result
-3.00m NOK +5.07m NOK
+268.9%
Equity
-5.04m NOK 1.52m NOK
+130.2%
Cash
154.4k NOK 112.6k NOK
-27.1%
Total assets
11.69m NOK 8.14m NOK
-30.4%

What improved

  • ↑

    Operating result improved

    Operating result +560 NOK → +4 539 NOK (op. margin 0.0% → 0.0%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 3.00m NOK to a profit of 5.07m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -5.04m NOK → 1.52m NOK (equity ratio -43.1% → 18.7%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 10.19m NOK → 21.79m NOK (+11.61m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 3.97m NOK → 2.86m NOK (36% → 27% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.08m NOK to 10.77m NOK (-2.7% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 154.4k NOK → 112.6k NOK (-27.1% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 185.7k NOK → 4.36m NOK (+2249.6% YoY). Calculated