ADVOKAT HOVDA AS: årsregnskap 2024 vs 2023
Stronger earnings, cash halved-plus
approved 2025-04-02; registry 2025-04-07; journal 2025 364831
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVOKAT HOVDA AS. Revenue 2.27m NOK → 2.27m NOK (-0.1%). Net result +2 103 NOK → +376.5k NOK. Equity 417.9k NOK → 494.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT HOVDA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +2 489 NOK → +479.8k NOK (op. margin 0.1% → 21.1%). Calculated
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Net result improved
Net result +2 103 NOK → +376.5k NOK (net margin 0.1% → 16.6%). Calculated
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Equity strengthened
Book equity 417.9k NOK → 494.4k NOK (equity ratio 46.3% → 236.3%). Calculated
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Payroll decreased
Salary cost 1.71m NOK → 1.19m NOK (75% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.27m NOK to 2.27m NOK (-0.1% YoY). Calculated
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Cash fell
Bank deposits 372.74m NOK → 484.7k NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.86× → 0.29× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (372.74m NOK → 484.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation