Org.nr 918 874 224 2020 → 2021 Year-over-year analysis

ACCOUNTFLOW AS: årsregnskap 2021 vs 2020

Grew 119% on revenue, stronger earnings, cash halved-plus

approved 2022-08-18; registry 2022-08-22; journal 2022 903980

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ACCOUNTFLOW AS. Revenue 1.28m NOK → 2.80m NOK (+119.0%). Net result -1.16m NOK → -117.3k NOK. Equity 11 NOK → 911.1k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCOUNTFLOW AS.

Scorecard

Revenue
1.28m NOK 2.80m NOK
+119.0%
Operating result
-1.12m NOK +136.7k NOK
+112.3%
Net result
-1.16m NOK -117.3k NOK
+89.9%
Equity
11 NOK 911.1k NOK
+8282809.1%
Cash
331.1k NOK 37.1k NOK
-88.8%
Total assets
3.89m NOK 10.01m NOK
+157.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.28m NOK to 2.80m NOK (+119.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1.12m NOK → +136.7k NOK (op. margin -87.1% → 4.9%). Calculated

  • ↑

    Net result improved

    Net result -1.16m NOK → -117.3k NOK (net margin -90.3% → -4.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 11 NOK → 911.1k NOK (equity ratio 0.0% → 9.1%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.68m NOK → 3.45m NOK (+1.77m NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 331.1k NOK → 37.1k NOK (-88.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value -959.6k NOK → 35.6k NOK. Reported fact