FirmaIQ
Org.nr 918 370 471 2019 → 2020 Year-over-year analysis

8-BIT HOLDING AS: årsregnskap 2020 vs 2019

Shrank 61% on revenue, slipped into loss

approved 2021-05-08; registry 2021-05-27; journal 2021 326827

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 8-BIT HOLDING AS. Revenue 6 113 NOK → 2 387 NOK (-61.0%). Net result +990 NOK → -4 675 NOK. Equity 11.14m NOK → 11.13m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
6 113 NOK 2 387 NOK
-61.0%
Operating result
+1 268 NOK -4 694 NOK
-470.2%
Net result
+990 NOK -4 675 NOK
-572.2%
Equity
11.14m NOK 11.13m NOK
-0.0%
Cash
4 979 NOK 75.0k NOK
+1406.7%
Total assets
195.0k NOK 190.0k NOK
-2.5%

What improved

  • ↑

    Cash rose

    Bank deposits 4 979 NOK → 75.0k NOK (+1406.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6 113 NOK to 2 387 NOK (-61.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1 268 NOK → -4 694 NOK (op. margin 20.7% → -196.6%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 990 NOK profit to a loss of 4 675 NOK. Calculated

  • ↓

    Equity eroded

    Book equity 11.14m NOK → 11.13m NOK (equity ratio 5712.2% → 5858.8%). Calculated