FirmaIQ
Org.nr 912 672 239 2019 → 2020 Year-over-year analysis

3B INNOVATION AS: årsregnskap 2020 vs 2019

Shrank 74% on revenue, slipped into loss

approved 2021-05-07; registry 2021-05-15; journal 2021 287824

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3B INNOVATION AS. Revenue 1.42m NOK → 372.6k NOK (-73.7%). Net result +411.2k NOK → -38.9k NOK. Equity 1.34m NOK → 1.30m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.42m NOK 372.6k NOK
-73.7%
Operating result
+526.2k NOK -50.1k NOK
-109.5%
Net result
+411.2k NOK -38.9k NOK
-109.5%
Equity
1.34m NOK 1.30m NOK
-2.9%
Cash
1.62m NOK 1.39m NOK
-14.4%
Total assets
1.82m NOK 1.43m NOK
-21.4%

What improved

  • ↑

    Payroll decreased

    Salary cost 845.6k NOK → 341.5k NOK (60% → 92% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.42m NOK to 372.6k NOK (-73.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +526.2k NOK → -50.1k NOK (op. margin 37.2% → -13.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 411.2k NOK profit to a loss of 38.9k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.34m NOK → 1.30m NOK (equity ratio 73.6% → 90.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.62m NOK → 1.39m NOK (-14.4% YoY). Calculated