+BYGG AS: årsregnskap 2021 vs 2020
Grew 1653% on revenue, returned to profit, cash halved-plus
approved 2022-03-15; registry 2022-03-17; journal 2022 152149
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for +BYGG AS. Revenue 146.2k NOK → 2.56m NOK (+1653.1%). Net result -319.5k NOK → +40.6k NOK. Equity -318.3k NOK → -277.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for +BYGG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 146.2k NOK to 2.56m NOK (+1653.1% YoY). Calculated
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Operating result improved
Operating result -289.9k NOK → +54.2k NOK (op. margin -198.3% → 2.1%). Calculated
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Turned profitable
Net result flipped from a loss of 319.5k NOK to a profit of 40.6k NOK. Calculated
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Equity strengthened
Book equity -318.3k NOK → -277.7k NOK (equity ratio -64.3% → -138.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 339.0k NOK → 147.9k NOK (-56.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -138.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 928.3k NOK → 4.35m NOK (635% → 170% of revenue). Calculated
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COGS moved
COGS / varekostnad 1 174 NOK → 1.60m NOK (+136266.5% YoY). Calculated