FirmaIQ
Org.nr 812 702 742 2018 → 2019 Year-over-year analysis

ACEVE NORGE AS: årsregnskap 2019 vs 2018

Grew 26% on revenue, stronger earnings, cash halved-plus

approved 2019-12-31; registry 2020-06-24; journal 2020 487333

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACEVE NORGE AS. Revenue 4.94m NOK → 6.25m NOK (+26.5%). Net result +518.3k NOK → +739.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.

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

At a glance

Scorecard

Revenue
4.94m NOK 6.25m NOK
+26.5%
Operating result
-261.0k NOK +718.8k NOK
+375.4%
Net result
+518.3k NOK +739.4k NOK
+42.7%
Cash
930.4k NOK 244.7k NOK
-73.7%
Total assets
9.22m NOK 12.52m NOK
+35.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.94m NOK to 6.25m NOK (+26.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -261.0k NOK → +718.8k NOK (op. margin -5.3% → 11.5%). Calculated

  • ↑

    Net result improved

    Net result +518.3k NOK → +739.4k NOK (net margin 10.5% → 11.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 930.4k NOK → 244.7k NOK (-73.7% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 14.41× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 189.9k NOK → 299.6k NOK (+57.8% YoY). Calculated