Org.nr 914 743 281 2020 → 2021 Year-over-year analysis

ADVELA AS: årsregnskap 2021 vs 2020

Grew 3379% on revenue, stronger earnings

approved 2022-06-03; registry 2022-06-08; journal 2022 429569

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADVELA AS. Revenue 7 812 NOK → 271.8k NOK (+3378.6%). Net result -197.9k NOK → -27.6k NOK. Equity -358.1k NOK → -389.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Net constructive year on the published lines.

Scorecard

Revenue
7 812 NOK 271.8k NOK
+3378.6%
Operating result
-197.7k NOK -134.0k NOK
+32.2%
Net result
-197.9k NOK -27.6k NOK
+86.1%
Equity
-358.1k NOK -389.4k NOK
-8.7%
Cash
48.3k NOK 112.9k NOK
+133.7%
Total assets
60.5k NOK 244.4k NOK
+304.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 7 812 NOK to 271.8k NOK (+3378.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -197.7k NOK → -134.0k NOK (op. margin -2531.0% → -49.3%). Calculated

  • ↑

    Net result improved

    Net result -197.9k NOK → -27.6k NOK (net margin -2533.6% → -10.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 48.3k NOK → 112.9k NOK (+133.7% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio -0.65× → 2.83×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -358.1k NOK → -389.4k NOK (equity ratio -592.0% → -159.3%). Calculated