Org.nr 812 702 742 2019 → 2020 Year-over-year analysis

ACEVE NORGE AS: årsregnskap 2020 vs 2019

Grew 60% on revenue, slipped into loss

approved 2021-04-07; registry 2021-06-09; journal 2021 276324

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACEVE NORGE AS. Revenue 6.25m NOK → 9.97m NOK (+59.6%). Net result +739.4k NOK → -1.73m NOK.

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

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

At a glance

Revenue

6.25m NOK 9.97m NOK

+59.6%

Operating result

+718.8k NOK -382.5k NOK

-153.2%

Net result

+739.4k NOK -1.73m NOK

-333.4%

Equity

n/m 3.74m NOK

—

Cash

244.7k NOK 380.2k NOK

+55.4%

Total assets

12.52m NOK 11.48m NOK

-8.3%

↑
Revenue rose

Operating income / revenue moved from 6.25m NOK to 9.97m NOK (+59.6% YoY). Calculated
↑
Cash rose

Bank deposits 244.7k NOK → 380.2k NOK (+55.4% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 3.63m NOK → 3.93m NOK (+298.1k NOK). Reported fact

↓
Operating result weakened

Operating result +718.8k NOK → -382.5k NOK (op. margin 11.5% → -3.8%). Calculated
↓
Fell into a net loss

Net result flipped from 739.4k NOK profit to a loss of 1.73m NOK. Calculated

·
COGS fell

COGS / varekostnad 299.6k NOK → 250.9k NOK (-16.3% YoY). Calculated