FirmaIQ
Org.nr 921 828 438 2020 → 2021 Year-over-year analysis

DIGITAL XBO AS: årsregnskap 2021 vs 2020

Grew 91% on revenue, slipped into loss, cash halved-plus

approved 2022-05-23; registry 2022-06-22; journal 2022 485247

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for DIGITAL XBO AS. Revenue 798.4k NOK → 1.52m NOK (+90.9%). Net result +2.46m NOK → -33.49m NOK. Equity 29.61m NOK → 19.13m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for DIGITAL XBO AS.

At a glance

Scorecard

Revenue
798.4k NOK 1.52m NOK
+90.9%
Operating result
+1.42m NOK -42.95m NOK
-3118.3%
Net result
+2.46m NOK -33.49m NOK
-1462.8%
Equity
29.61m NOK 19.13m NOK
-35.4%
Cash
853.0k NOK 38.8k NOK
-95.5%
Total assets
49.59m NOK 23.38m NOK
-52.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 798.4k NOK to 1.52m NOK (+90.9% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 28.95m NOK → 51.95m NOK (+23.00m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.42m NOK → -42.95m NOK (op. margin 178.2% → -2818.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2.46m NOK profit to a loss of 33.49m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 29.61m NOK → 19.13m NOK (equity ratio 59.7% → 81.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 853.0k NOK → 38.8k NOK (-95.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 471 NOK → 8 271 NOK (0% → 1% of revenue). Calculated