FirmaIQ
Org.nr 996 395 723 2018 → 2019 Year-over-year analysis

ADVENIO AS: årsregnskap 2019 vs 2018

Slipped into loss, cash halved-plus

approved 2020-04-24; registry 2020-06-08; journal 2020 396469

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVENIO AS. Revenue 4.80m NOK → 4.81m NOK (+0.2%). Net result +391.8k NOK → -29.1k NOK. Equity 1.23m NOK → 1.20m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADVENIO AS.

At a glance

Scorecard

Revenue
4.80m NOK 4.81m NOK
+0.2%
Operating result
+529.0k NOK +439.3k NOK
-17.0%
Net result
+391.8k NOK -29.1k NOK
-107.4%
Equity
1.23m NOK 1.20m NOK
-2.4%
Cash
2.69m NOK 554.5k NOK
-79.4%
Total assets
3.16m NOK 2.48m NOK
-21.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.80m NOK to 4.81m NOK (+0.2% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +529.0k NOK → +439.3k NOK (op. margin 11.0% → 9.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 391.8k NOK profit to a loss of 29.1k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.23m NOK → 1.20m NOK (equity ratio 39.0% → 48.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.69m NOK → 554.5k NOK (-79.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.69m NOK → 554.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 120.0k NOK → 180 NOK (-99.8% YoY). Calculated