FirmaIQ
Org.nr 922 558 221 2020 → 2021 Year-over-year analysis

AFYX NORWAY AS: årsregnskap 2021 vs 2020

Grew 1396% on revenue, stronger earnings

approved 2022-07-29; registry 2022-09-17; journal 2022 927176

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for AFYX NORWAY AS. Revenue 100 NOK → 1 496 NOK (+1396.0%). Net result -1.08m NOK → -483.5k NOK. Equity -1.98m NOK → -2.47m NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
100 NOK 1 496 NOK
+1396.0%
Operating result
-1 058 NOK -480.2k NOK
-45290.4%
Net result
-1.08m NOK -483.5k NOK
+55.0%
Equity
-1.98m NOK -2.47m NOK
-24.4%
Cash
32.5k NOK 77.5k NOK
+138.8%
Total assets
41.6k NOK 1.88m NOK
+4403.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 100 NOK to 1 496 NOK (+1396.0% YoY). Calculated

  • ↑

    Net result improved

    Net result -1.08m NOK → -483.5k NOK (net margin -1075048.0% → -32317.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 32.5k NOK → 77.5k NOK (+138.8% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.37× → 1667.05×. Calculated

  • ↑

    Payroll decreased

    Salary cost 818.5k NOK → 1 028 NOK (818483% → 69% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -1 058 NOK → -480.2k NOK (op. margin -1058.0% → -32100.9%). Calculated

  • ↓

    Equity eroded

    Book equity -1.98m NOK → -2.47m NOK (equity ratio -4763.5% → -131.5%). Calculated