FirmaIQ
Org.nr 997 796 993 2018 → 2019 Year-over-year analysis

ABRAHAMSEN SOFTWARE SOLUTIONS AS: årsregnskap 2019 vs 2018

Grew 740% on revenue, stronger earnings

approved 2020-02-19; registry 2020-03-02; journal 2020 224727

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ABRAHAMSEN SOFTWARE SOLUTIONS AS. Revenue 178.1k NOK → 1.50m NOK (+740.2%). Net result +301.4k NOK → +463.7k NOK. Equity 465.4k NOK → 629.1k NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ABRAHAMSEN SOFTWARE SOLUTIONS AS.

At a glance

Scorecard

Revenue
178.1k NOK 1.50m NOK
+740.2%
Net result
+301.4k NOK +463.7k NOK
+53.8%
Equity
465.4k NOK 629.1k NOK
+35.2%
Cash
628.5k NOK 770.8k NOK
+22.6%
Total assets
1.05m NOK 1.21m NOK
+14.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 178.1k NOK to 1.50m NOK (+740.2% YoY). Calculated

  • ↑

    Net result improved

    Net result +301.4k NOK → +463.7k NOK (net margin 169.3% → 31.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 465.4k NOK → 629.1k NOK (equity ratio 44.1% → 52.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 628.5k NOK → 770.8k NOK (+22.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 726.9k NOK → 895.7k NOK (408% → 60% of revenue). Calculated