FirmaIQ
Org.nr 925 402 710 2022 → 2023 Year-over-year analysis

ADVOKAT ERIK VATNE AS: årsregnskap 2023 vs 2022

Grew 135% on revenue, weaker earnings

approved 2024-02-21; registry 2024-02-26; journal 2024 312468

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT ERIK VATNE AS. Revenue 588.7k NOK → 1.38m NOK (+134.6%). Net result +389.8k NOK → +71.2k NOK. Equity 10.51m NOK → 579.1k NOK.

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

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
588.7k NOK 1.38m NOK
+134.6%
Operating result
+494.5k NOK +90.3k NOK
-81.7%
Net result
+389.8k NOK +71.2k NOK
-81.7%
Equity
10.51m NOK 579.1k NOK
-94.5%
Cash
647.4k NOK 768.3k NOK
+18.7%
Total assets
834.3k NOK 890.4k NOK
+6.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 588.7k NOK to 1.38m NOK (+134.6% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 647.4k NOK → 768.3k NOK (+18.7% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +494.5k NOK → +90.3k NOK (op. margin 84.0% → 6.5%). Calculated

  • ↓

    Net result weakened

    Net result +389.8k NOK → +71.2k NOK (net margin 66.2% → 5.2%). Calculated

  • ↓

    Equity eroded

    Book equity 10.51m NOK → 579.1k NOK (equity ratio 1259.5% → 65.0%). Calculated