FirmaIQ
Org.nr 922 675 619 2020 → 2021 Year-over-year analysis

ADVISETECH AS: årsregnskap 2021 vs 2020

Grew 115% on revenue, stronger earnings, fresh owner capital

approved 2022-03-04; registry 2022-05-14; journal 2022 227065

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVISETECH AS. Revenue 7.53m NOK → 16.22m NOK (+115.3%). Net result +1.33m NOK → +3.48m NOK. Equity 234.2k NOK → 5.81m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVISETECH AS.

At a glance

Scorecard

Revenue
7.53m NOK 16.22m NOK
+115.3%
Operating result
+1.70m NOK +4.47m NOK
+162.5%
Net result
+1.33m NOK +3.48m NOK
+162.2%
Equity
234.2k NOK 5.81m NOK
+2379.3%
Cash
3.65m NOK 8.25m NOK
+126.5%
Total assets
4.37m NOK 10.50m NOK
+140.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 7.53m NOK to 16.22m NOK (+115.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.70m NOK → +4.47m NOK (op. margin 22.6% → 27.5%). Calculated

  • ↑

    Net result improved

    Net result +1.33m NOK → +3.48m NOK (net margin 17.6% → 21.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 234.2k NOK → 5.81m NOK (equity ratio 5.4% → 55.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.65m NOK → 8.25m NOK (+126.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 5.61m NOK → 10.96m NOK (74% → 68% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 285.0k NOK → 177.6k NOK (-37.7% YoY). Calculated