Org.nr 957 997 392 2020 → 2021 Year-over-year analysis

ACHILLES FINANS AS: årsregnskap 2021 vs 2020

Grew 130900% on revenue, returned to profit, cash halved-plus

approved 2022-03-09; registry 2022-03-12; journal 2022 143303

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ACHILLES FINANS AS. Revenue 150 NOK → 196.5k NOK (+130900.0%). Net result -652.4k NOK → +394.7k NOK. Equity 3.40m NOK → 4.80m NOK.

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

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

Scorecard

Revenue
150 NOK 196.5k NOK
+130900.0%
Operating result
+47.0k NOK +80.5k NOK
+71.2%
Net result
-652.4k NOK +394.7k NOK
+160.5%
Equity
3.40m NOK 4.80m NOK
+41.0%
Cash
46.3k NOK 12.5k NOK
-72.9%
Total assets
7.39m NOK 8.76m NOK
+18.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 150 NOK to 196.5k NOK (+130900.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +47.0k NOK → +80.5k NOK (op. margin 31358.0% → 41.0%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 652.4k NOK to a profit of 394.7k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 3.40m NOK → 4.80m NOK (equity ratio 46.0% → 54.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 46.3k NOK → 12.5k NOK (-72.9% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.62m NOK → 1.48m NOK. Reported fact