FirmaIQ
Org.nr 985 907 307 2020 → 2021 Year-over-year analysis

2K TECH AS: årsregnskap 2021 vs 2020

Shrank 7% on revenue, stronger earnings

approved 2022-05-18; registry 2022-05-23; journal 2022 326087

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 2K TECH AS. Revenue 624.8k NOK → 579.1k NOK (-7.3%). Net result +35.7k NOK → +63.3k NOK. Equity 54.9k NOK → 118.2k NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
624.8k NOK 579.1k NOK
-7.3%
Operating result
+55.7k NOK +88.8k NOK
+59.3%
Net result
+35.7k NOK +63.3k NOK
+77.5%
Equity
54.9k NOK 118.2k NOK
+115.3%
Cash
127.4k NOK 165.2k NOK
+29.7%
Total assets
n/m 337.8k NOK
—

What improved

  • ↑

    Operating result improved

    Operating result +55.7k NOK → +88.8k NOK (op. margin 8.9% → 15.3%). Calculated

  • ↑

    Net result improved

    Net result +35.7k NOK → +63.3k NOK (net margin 5.7% → 10.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 54.9k NOK → 118.2k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 127.4k NOK → 165.2k NOK (+29.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 433.7k NOK → 293.0k NOK (69% → 51% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 624.8k NOK to 579.1k NOK (-7.3% YoY). Calculated