FirmaIQ
Org.nr 915 079 660 2019 → 2020 Year-over-year analysis

2M MALERFIRMA AS: årsregnskap 2020 vs 2019

Grew 542% on revenue, stronger earnings

approved 2021-03-11; registry 2021-06-01; journal 2021 359843

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 2M MALERFIRMA AS. Revenue 188.5k NOK → 1.21m NOK (+542.5%). Net result +5 791 NOK → +96.6k NOK. Equity 33.8k NOK → 8.13m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 2M MALERFIRMA AS.

At a glance

Scorecard

Revenue
188.5k NOK 1.21m NOK
+542.5%
Operating result
+22.5k NOK +129.5k NOK
+474.8%
Net result
+5 791 NOK +96.6k NOK
+1568.5%
Equity
33.8k NOK 8.13m NOK
+23972.2%
Cash
245.4k NOK 406.9k NOK
+65.8%
Total assets
303.2k NOK 419.6k NOK
+38.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 188.5k NOK to 1.21m NOK (+542.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +22.5k NOK → +129.5k NOK (op. margin 12.0% → 10.7%). Calculated

  • ↑

    Net result improved

    Net result +5 791 NOK → +96.6k NOK (net margin 3.1% → 8.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 33.8k NOK → 8.13m NOK (equity ratio 11.1% → 1937.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 245.4k NOK → 406.9k NOK (+65.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 756.6k NOK → 762.1k NOK (401% → 63% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 217.8k NOK → 141.9k NOK (-34.8% YoY). Calculated