FirmaIQ
Org.nr 928 513 807 2022 → 2023 Year-over-year analysis

ADVALO CONSULTING AS: årsregnskap 2023 vs 2022

Grew 122% on revenue, stronger earnings

approved 2024-07-23; registry 2024-08-05; journal 2024 718064

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVALO CONSULTING AS. Revenue 5.40m NOK → 12.02m NOK (+122.4%). Net result +1.78m NOK → +6.04m NOK. Equity 1.81m NOK → 7.05m NOK.

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

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

At a glance

Scorecard

Revenue
5.40m NOK 12.02m NOK
+122.4%
Operating result
+2.28m NOK +7.68m NOK
+236.4%
Net result
+1.78m NOK +6.04m NOK
+239.1%
Equity
1.81m NOK 7.05m NOK
+289.3%
Cash
3.28m NOK 9.21m NOK
+180.6%
Total assets
3.95m NOK 11.44m NOK
+189.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.40m NOK to 12.02m NOK (+122.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.28m NOK → +7.68m NOK (op. margin 42.2% → 63.8%). Calculated

  • ↑

    Net result improved

    Net result +1.78m NOK → +6.04m NOK (net margin 32.9% → 50.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.81m NOK → 7.05m NOK (equity ratio 45.8% → 61.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.28m NOK → 9.21m NOK (+180.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 0 NOK → 3.87m NOK (0% → 32% of revenue). Calculated