FirmaIQ
Org.nr 995 595 397 2020 → 2021 Year-over-year analysis

24SEVENSOCIAL AS: årsregnskap 2021 vs 2020

Shrank 33% on revenue, slipped into loss

registry 2022-08-02; journal 2022 764142

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 24SEVENSOCIAL AS. Revenue 6.46m NOK → 4.31m NOK (-33.3%). Net result +14.52m NOK → -1.50m NOK. Equity 8.51m NOK → 7.01m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 24SEVENSOCIAL AS.

At a glance

Scorecard

Revenue
6.46m NOK 4.31m NOK
-33.3%
Operating result
-1.80m NOK -3.68m NOK
-104.1%
Net result
+14.52m NOK -1.50m NOK
-110.4%
Equity
8.51m NOK 7.01m NOK
-17.7%
Cash
628.1k NOK 373.5k NOK
-40.5%
Total assets
12.38m NOK 8.95m NOK
-27.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.46m NOK to 4.31m NOK (-33.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -1.80m NOK → -3.68m NOK (op. margin -27.9% → -85.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 14.52m NOK profit to a loss of 1.50m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 8.51m NOK → 7.01m NOK (equity ratio 68.8% → 78.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 628.1k NOK → 373.5k NOK (-40.5% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 8.51m NOK → 7.01m NOK — check capital reduction, conversion, or reclassification. Interpretation