FirmaIQ
Org.nr 913 362 500 2018 → 2019 Year-over-year analysis

2X4 BYGG AS: årsregnskap 2019 vs 2018

Shrank 59% on revenue, slipped into loss, cash halved-plus

approved 2020-06-02; registry 2020-06-15; journal 2020 430707

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 2X4 BYGG AS. Revenue 6.08m NOK → 2.47m NOK (-59.4%). Net result +492.6k NOK → -51.4k NOK. Equity 589.6k NOK → 538.1k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2X4 BYGG AS.

At a glance

Scorecard

Revenue
6.08m NOK 2.47m NOK
-59.4%
Operating result
+636.2k NOK -73.2k NOK
-111.5%
Net result
+492.6k NOK -51.4k NOK
-110.4%
Equity
589.6k NOK 538.1k NOK
-8.7%
Cash
896.3k NOK 423.6k NOK
-52.7%
Total assets
261.0k NOK 1.24m NOK
+376.2%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.00× → 1.64×. Calculated

  • ↑

    Payroll decreased

    Salary cost 1.00m NOK → 91.5k NOK (16% → 4% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.08m NOK to 2.47m NOK (-59.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +636.2k NOK → -73.2k NOK (op. margin 10.5% → -3.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 492.6k NOK profit to a loss of 51.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 589.6k NOK → 538.1k NOK (equity ratio 225.9% → 43.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 896.3k NOK → 423.6k NOK (-52.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.06m NOK → 2.08m NOK (-48.8% YoY). Calculated