FirmaIQ
Org.nr 994 495 658 2019 → 2020 Year-over-year analysis

8M CONSULTING AS: årsregnskap 2020 vs 2019

Shrank 68% on revenue, cash halved-plus

approved 2021-02-17; registry 2021-03-01; journal 2021 129444

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 8M CONSULTING AS. Revenue 1.47m NOK → 476.1k NOK (-67.5%). Net result -5 376 NOK → -5 376 NOK. Equity 115.0k NOK → 109.7k NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.47m NOK 476.1k NOK
-67.5%
Operating result
-5 624 NOK -5 516 NOK
+1.9%
Net result
-5 376 NOK -5 376 NOK
0.0%
Equity
115.0k NOK 109.7k NOK
-4.7%
Cash
433.2k NOK 165.6k NOK
-61.8%
Total assets
598.8k NOK 234.0k NOK
-60.9%

What improved

  • ↑

    Operating result improved

    Operating result -5 624 NOK → -5 516 NOK (op. margin -0.4% → -1.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.47m NOK to 476.1k NOK (-67.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 115.0k NOK → 109.7k NOK (equity ratio 19.2% → 46.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 433.2k NOK → 165.6k NOK (-61.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.24m NOK → 2.20m NOK (85% → 463% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 28.6k NOK → 45.3k NOK (+58.2% YoY). Calculated