FirmaIQ
Org.nr 996 395 723 2019 → 2020 Year-over-year analysis

ADVENIO AS: årsregnskap 2020 vs 2019

Grew 12% on revenue, returned to profit

approved 2021-04-09; registry 2021-04-24; journal 2021 204365

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVENIO AS. Revenue 4.81m NOK → 5.41m NOK (+12.5%). Net result -29.1k NOK → +671.8k NOK. Equity 1.20m NOK → 1.87m NOK.

On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVENIO AS.

At a glance

Scorecard

Revenue
4.81m NOK 5.41m NOK
+12.5%
Operating result
+439.3k NOK +5 530 NOK
-98.7%
Net result
-29.1k NOK +671.8k NOK
+2405.5%
Equity
1.20m NOK 1.87m NOK
+55.9%
Cash
554.5k NOK 2.26m NOK
+307.1%
Total assets
2.48m NOK 3.64m NOK
+46.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.81m NOK to 5.41m NOK (+12.5% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 29.1k NOK to a profit of 671.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.20m NOK → 1.87m NOK (equity ratio 48.5% → 51.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 554.5k NOK → 2.26m NOK (+307.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +439.3k NOK → +5 530 NOK (op. margin 9.1% → 0.1%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 180 NOK → 411.1k NOK (+228288.3% YoY). Calculated