FirmaIQ
Org.nr 923 165 118 2019 → 2020 Year-over-year analysis

3VIRKE AS: årsregnskap 2020 vs 2019

Grew 300403% on revenue, returned to profit

approved 2021-08-31; registry 2021-11-18; journal 2021 898208

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3VIRKE AS. Revenue 1 432 NOK → 4.30m NOK (+300403.0%). Net result -36.4k NOK → +37.6k NOK. Equity 55.5k NOK → 93.1k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for 3VIRKE AS.

At a glance

Scorecard

Revenue
1 432 NOK 4.30m NOK
+300403.0%
Operating result
-41.0k NOK +64.4k NOK
+256.9%
Net result
-36.4k NOK +37.6k NOK
+203.3%
Equity
55.5k NOK 93.1k NOK
+67.7%
Cash
114.5k NOK 405.0k NOK
+253.6%
Total assets
591.8k NOK 536.8k NOK
-9.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 432 NOK to 4.30m NOK (+300403.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -41.0k NOK → +64.4k NOK (op. margin -2865.7% → 1.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 36.4k NOK to a profit of 37.6k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 55.5k NOK → 93.1k NOK (equity ratio 9.4% → 17.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 114.5k NOK → 405.0k NOK (+253.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 080 NOK → 3.22m NOK (75% → 75% of revenue). Calculated