FirmaIQ
Org.nr 920 175 856 2018 → 2019 Year-over-year analysis

ACE AGENCY AS: årsregnskap 2019 vs 2018

Grew 193% on revenue, returned to profit

approved 2020-08-25; registry 2020-09-01; journal 2020 726897

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACE AGENCY AS. Revenue 93.7k NOK → 274.7k NOK (+193.1%). Net result -106.8k NOK → +65.7k NOK. Equity 37.7k NOK → 103.4k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

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

At a glance

Scorecard

Revenue
93.7k NOK 274.7k NOK
+193.1%
Operating result
-136.7k NOK +88.7k NOK
+164.9%
Net result
-106.8k NOK +65.7k NOK
+161.6%
Equity
37.7k NOK 103.4k NOK
+174.6%
Cash
15.2k NOK 104.3k NOK
+585.9%
Total assets
73.8k NOK 118.3k NOK
+60.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 93.7k NOK to 274.7k NOK (+193.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -136.7k NOK → +88.7k NOK (op. margin -145.8% → 32.3%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 106.8k NOK to a profit of 65.7k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 37.7k NOK → 103.4k NOK (equity ratio 51.0% → 87.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 15.2k NOK → 104.3k NOK (+585.9% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 70.5k NOK → 45.4k NOK (-35.6% YoY). Calculated