FirmaIQ
Org.nr 922 633 878 2019 → 2020 Year-over-year analysis

ADVANCE AS: årsregnskap 2020 vs 2019

Grew 115690% on revenue, weaker earnings

approved 2021-02-23; registry 2021-06-09; journal 2021 403591

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVANCE AS. Revenue 1 059 NOK → 1.23m NOK (+115689.7%). Net result +335.3k NOK → +32.6k NOK. Equity 248.3k NOK → 247.9k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVANCE AS.

At a glance

Scorecard

Revenue
1 059 NOK 1.23m NOK
+115689.7%
Operating result
+432.4k NOK +42.2k NOK
-90.2%
Net result
+335.3k NOK +32.6k NOK
-90.3%
Equity
248.3k NOK 247.9k NOK
-0.2%
Cash
118.3k NOK 76.5k NOK
-35.4%
Total assets
609.8k NOK 522.7k NOK
-14.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 059 NOK to 1.23m NOK (+115689.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +432.4k NOK → +42.2k NOK (op. margin 40830.1% → 3.4%). Calculated

  • ↓

    Net result weakened

    Net result +335.3k NOK → +32.6k NOK (net margin 31664.8% → 2.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 118.3k NOK → 76.5k NOK (-35.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2 528 NOK → 1.02m NOK (239% → 83% of revenue). Calculated