FirmaIQ
Org.nr 993 581 992 2019 → 2020 Year-over-year analysis

AC BLAZE AS: årsregnskap 2020 vs 2019

Shrank 58% on revenue, stronger earnings

approved 2021-06-25; registry 2021-08-28; journal 2021 649507

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AC BLAZE AS. Revenue 16.96m NOK → 7.06m NOK (-58.4%). Net result +2.42m NOK → +4.19m NOK. Equity 3.94m NOK → 3.63m NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for AC BLAZE AS.

At a glance

Scorecard

Revenue
16.96m NOK 7.06m NOK
-58.4%
Operating result
+3.11m NOK +250.7k NOK
-91.9%
Net result
+2.42m NOK +4.19m NOK
+72.9%
Equity
3.94m NOK 3.63m NOK
-7.9%
Cash
6.75m NOK 3.81m NOK
-43.5%
Total assets
8.25m NOK 5.64m NOK
-31.6%

What improved

  • ↑

    Net result improved

    Net result +2.42m NOK → +4.19m NOK (net margin 14.3% → 59.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.85m NOK → 1.96m NOK (23% → 28% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 16.96m NOK to 7.06m NOK (-58.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.11m NOK → +250.7k NOK (op. margin 18.4% → 3.6%). Calculated

  • ↓

    Equity eroded

    Book equity 3.94m NOK → 3.63m NOK (equity ratio 47.8% → 64.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 6.75m NOK → 3.81m NOK (-43.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 6.67m NOK → 2.45m NOK (-63.2% YoY). Calculated