2X4 BYGG AS: årsregnskap 2018 vs 2017
Grew 241% on revenue
approved 2019-04-12; registry 2019-07-18; journal 2019 749685
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 2X4 BYGG AS. Revenue 1.78m NOK → 6.08m NOK (+241.2%). Equity 3.14m NOK → 589.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 2X4 BYGG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.78m NOK to 6.08m NOK (+241.2% YoY). Calculated
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↑
Operating result improved
Operating result +162.9k NOK → +636.2k NOK (op. margin 9.1% → 10.5%). Calculated
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↑
Cash rose
Bank deposits 217.5k NOK → 896.3k NOK (+312.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.20m NOK → 1.00m NOK (236% → 16% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.14m NOK → 589.6k NOK (equity ratio 645.4% → 225.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 1.25m NOK → 4.06m NOK (+223.5% YoY). Calculated