Org.nr 923 422 439 2022 → 2023 Year-over-year analysis

ADVOKAT AABAK AS: årsregnskap 2023 vs 2022

Grew 19% on revenue, returned to profit

approved 2024-03-21; registry 2024-04-15; journal 2024 355723

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT AABAK AS. Revenue 1.74m NOK → 2.06m NOK (+18.6%). Net result -377.4k NOK → +293.1k NOK. Equity 144.7k NOK → 437.8k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

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

Scorecard

Revenue
1.74m NOK 2.06m NOK
+18.6%
Operating result
-271.8k NOK +298.1k NOK
+209.7%
Net result
-377.4k NOK +293.1k NOK
+177.7%
Equity
144.7k NOK 437.8k NOK
+202.6%
Cash
464.1k NOK 422.9k NOK
-8.9%
Total assets
768.5k NOK 898.6k NOK
+16.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.74m NOK to 2.06m NOK (+18.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -271.8k NOK → +298.1k NOK (op. margin -15.6% → 14.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 377.4k NOK to a profit of 293.1k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 144.7k NOK → 437.8k NOK (equity ratio 18.8% → 48.7%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 464.1k NOK → 422.9k NOK (-8.9% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 622 NOK → 1.34m NOK (0% → 65% of revenue). Calculated