FirmaIQ
Org.nr 918 488 081 2019 → 2020 Year-over-year analysis

2STABILISE AS: årsregnskap 2020 vs 2019

Shrank 38% on revenue, weaker earnings

registry 2021-06-17; journal 2021 338457

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 2STABILISE AS. Revenue 23.89m NOK → 14.70m NOK (-38.5%). Net result +3.77m NOK → +733.3k NOK. Equity 8.42m NOK → 9.15m NOK.

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

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 2STABILISE AS.

At a glance

Scorecard

Revenue
23.89m NOK 14.70m NOK
-38.5%
Operating result
+4.94m NOK +947.3k NOK
-80.8%
Net result
+3.77m NOK +733.3k NOK
-80.6%
Equity
8.42m NOK 9.15m NOK
+8.7%
Cash
8.48m NOK 7.65m NOK
-9.8%
Total assets
11.39m NOK 10.33m NOK
-9.3%

What improved

  • ↑

    Equity strengthened

    Book equity 8.42m NOK → 9.15m NOK (equity ratio 73.9% → 88.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 10.25m NOK → 7.12m NOK (43% → 48% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 23.89m NOK to 14.70m NOK (-38.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.94m NOK → +947.3k NOK (op. margin 20.7% → 6.4%). Calculated

  • ↓

    Net result weakened

    Net result +3.77m NOK → +733.3k NOK (net margin 15.8% → 5.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 8.48m NOK → 7.65m NOK (-9.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.02m NOK → 2.55m NOK (-36.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 26.0k NOK → 54.1k NOK. Reported fact