FirmaIQ
Org.nr 988 518 557 2022 → 2023 Year-over-year analysis

ADVOKAT IVAR HUSTAD AS: årsregnskap 2023 vs 2022

Grew 183% on revenue, stronger earnings

approved 2024-04-29; registry 2024-05-02; journal 2024 387627

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT IVAR HUSTAD AS. Revenue 701.3k NOK → 1.99m NOK (+183.0%). Net result +32.8k NOK → +545.1k NOK. Equity 6.02m NOK → 6.57m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKAT IVAR HUSTAD AS.

At a glance

Scorecard

Revenue
701.3k NOK 1.99m NOK
+183.0%
Operating result
-391.7k NOK +15.5k NOK
+103.9%
Net result
+32.8k NOK +545.1k NOK
+1564.3%
Equity
6.02m NOK 6.57m NOK
+9.1%
Cash
1.87m NOK 1.74m NOK
-7.0%
Total assets
7.72m NOK 7.84m NOK
+1.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 701.3k NOK to 1.99m NOK (+183.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -391.7k NOK → +15.5k NOK (op. margin -55.9% → 0.8%). Calculated

  • ↑

    Net result improved

    Net result +32.8k NOK → +545.1k NOK (net margin 4.7% → 27.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 6.02m NOK → 6.57m NOK (equity ratio 78.1% → 83.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.87m NOK → 1.74m NOK (-7.0% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 184.6k NOK → 138.3k NOK (-25.1% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 0 → 2. Reported fact