FirmaIQ
Org.nr 922 191 719 2019 → 2020 Year-over-year analysis

ABFAB AS: årsregnskap 2020 vs 2019

Shrank 44% on revenue, weaker earnings

approved 2021-01-26; registry 2021-02-01; journal 2021 111349

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABFAB AS. Revenue 3.37m NOK → 1.90m NOK (-43.6%). Net result +1.96m NOK → +675.2k NOK. Equity 1.99m NOK → 2.39m NOK.

On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
3.37m NOK 1.90m NOK
-43.6%
Operating result
+2 510 NOK +856.9k NOK
+34037.9%
Net result
+1.96m NOK +675.2k NOK
-65.6%
Equity
1.99m NOK 2.39m NOK
+20.2%
Cash
2 539 NOK 2.75m NOK
+108094.9%
Total assets
2.78m NOK 2.75m NOK
-1.1%

What improved

  • ↑

    Operating result improved

    Operating result +2 510 NOK → +856.9k NOK (op. margin 0.1% → 45.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.99m NOK → 2.39m NOK (equity ratio 71.5% → 86.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 2 539 NOK → 2.75m NOK (+108094.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.37m NOK to 1.90m NOK (-43.6% YoY). Calculated

  • ↓

    Net result weakened

    Net result +1.96m NOK → +675.2k NOK (net margin 58.2% → 35.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 758 NOK → 953.5k NOK (0% → 50% of revenue). Calculated