Org.nr 997 409 973 2022 → 2023 Year-over-year analysis

ADVOKAT HÅVAR WIIK AS: årsregnskap 2023 vs 2022

Shrank 9% on revenue, returned to profit

approved 2024-04-26; registry 2024-05-02; journal 2024 386656

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT HÅVAR WIIK AS. Revenue 2.81m NOK → 2.54m NOK (-9.5%). Net result -1 314 NOK → +36.0k NOK. Equity 140.9k NOK → 176.9k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cogs moved.

Net constructive year on the published lines.

Scorecard

Revenue
2.81m NOK 2.54m NOK
-9.5%
Operating result
+11.6k NOK +69.5k NOK
+500.8%
Net result
-1 314 NOK +36.0k NOK
+2842.0%
Equity
140.9k NOK 176.9k NOK
+25.6%
Cash
15.8k NOK 21.7k NOK
+36.7%
Total assets
689.1k NOK 731.8k NOK
+6.2%

What improved

  • ↑

    Operating result improved

    Operating result +11.6k NOK → +69.5k NOK (op. margin 0.4% → 2.7%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 1 314 NOK to a profit of 36.0k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 140.9k NOK → 176.9k NOK (equity ratio 20.4% → 24.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 15.8k NOK → 21.7k NOK (+36.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.53m NOK → 2.16m NOK (90% → 85% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.81m NOK to 2.54m NOK (-9.5% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 10.0k NOK → 65.1k NOK (+548.9% YoY). Calculated