FirmaIQ
Org.nr 925 402 710 2023 → 2024 Year-over-year analysis

ADVOKAT ERIK VATNE AS: årsregnskap 2024 vs 2023

Grew 20% on revenue, stronger earnings

approved 2025-04-07; registry 2025-04-09; journal 2025 370637

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for ADVOKAT ERIK VATNE AS. Revenue 1.38m NOK → 1.66m NOK (+20.3%). Net result +71.2k NOK → +268.4k NOK. Equity 579.1k NOK → 10.85m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1.38m NOK 1.66m NOK
+20.3%
Operating result
+90.3k NOK +346.8k NOK
+284.0%
Net result
+71.2k NOK +268.4k NOK
+276.9%
Equity
579.1k NOK 10.85m NOK
+1773.1%
Cash
768.3k NOK 973.7k NOK
+26.7%
Total assets
890.4k NOK 117.1k NOK
-86.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.38m NOK to 1.66m NOK (+20.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +90.3k NOK → +346.8k NOK (op. margin 6.5% → 20.9%). Calculated

  • ↑

    Net result improved

    Net result +71.2k NOK → +268.4k NOK (net margin 5.2% → 16.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 579.1k NOK → 10.85m NOK (equity ratio 65.0% → 9264.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 768.3k NOK → 973.7k NOK (+26.7% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.86× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated