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Org.nr 913 875 257 2023 → 2024 Year-over-year analysis

ADVOKAT FRANK OVE KVALVIK AS: årsregnskap 2024 vs 2023

Grew 16% on revenue, returned to profit

approved 2025-04-29; registry 2025-05-03; journal 2025 402054

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for ADVOKAT FRANK OVE KVALVIK AS. Revenue 1.75m NOK → 2.04m NOK (+16.2%). Net result -89.4k NOK → +173.9k NOK. Equity 1.47m NOK → 1.64m NOK.

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

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

At a glance

Scorecard

Revenue
1.75m NOK 2.04m NOK
+16.2%
Operating result
-82.1k NOK +180.3k NOK
+319.5%
Net result
-89.4k NOK +173.9k NOK
+294.5%
Equity
1.47m NOK 1.64m NOK
+11.9%
Cash
821.0k NOK 987.8k NOK
+20.3%
Total assets
1.85m NOK 2.20m NOK
+18.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.75m NOK to 2.04m NOK (+16.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -82.1k NOK → +180.3k NOK (op. margin -4.7% → 8.8%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 89.4k NOK to a profit of 173.9k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.47m NOK → 1.64m NOK (equity ratio 79.3% → 74.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 821.0k NOK → 987.8k NOK (+20.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.30m NOK → 1.32m NOK (74% → 65% of revenue). Calculated