Org.nr 917 072 833 2020 → 2021 Year-over-year analysis

ABSOLUIT AS: årsregnskap 2021 vs 2020

Grew 254% on revenue, slipped into loss

approved 2022-07-31; registry 2022-08-22; journal 2022 904062

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ABSOLUIT AS. Revenue 1.66m NOK → 5.88m NOK (+254.1%). Net result +142.9k NOK → -14.8k NOK. Equity 371.4k NOK → 357.0k NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ABSOLUIT AS.

Scorecard

Revenue
1.66m NOK 5.88m NOK
+254.1%
Operating result
+183.5k NOK -14.6k NOK
-108.0%
Net result
+142.9k NOK -14.8k NOK
-110.3%
Equity
371.4k NOK 357.0k NOK
-3.9%
Cash
231.6k NOK 369.1k NOK
+59.4%
Total assets
1.86m NOK 2.36m NOK
+27.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.66m NOK to 5.88m NOK (+254.1% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 231.6k NOK → 369.1k NOK (+59.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +183.5k NOK → -14.6k NOK (op. margin 11.1% → -0.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 142.9k NOK profit to a loss of 14.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 371.4k NOK → 357.0k NOK (equity ratio 20.0% → 15.1%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 1.47m NOK → 3.93m NOK (+167.3% YoY). Calculated