FirmaIQ
Org.nr 911 981 955 2022 → 2023 Year-over-year analysis

ADVOKAT EDEL OLSEN AS: årsregnskap 2023 vs 2022

Grew 32% on revenue, weaker earnings

approved 2024-04-19; registry 2024-04-24; journal 2024 372551

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT EDEL OLSEN AS. Revenue 1.07m NOK → 1.41m NOK (+31.8%). Net result +84.8k NOK → +2 624 NOK. Equity 102.6k NOK → 105.2k NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1.07m NOK 1.41m NOK
+31.8%
Operating result
+85.1k NOK +3 368 NOK
-96.0%
Net result
+84.8k NOK +2 624 NOK
-96.9%
Equity
102.6k NOK 105.2k NOK
+2.6%
Cash
426.0k NOK 434.4k NOK
+2.0%
Total assets
643.6k NOK 839.6k NOK
+30.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.07m NOK to 1.41m NOK (+31.8% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 102.6k NOK → 105.2k NOK (equity ratio 15.9% → 12.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 426.0k NOK → 434.4k NOK (+2.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.72m NOK → 1 151 NOK (161% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +85.1k NOK → +3 368 NOK (op. margin 8.0% → 0.2%). Calculated

  • ↓

    Net result weakened

    Net result +84.8k NOK → +2 624 NOK (net margin 7.9% → 0.2%). Calculated