Org.nr 925 571 954 2022 → 2023 Year-over-year analysis

ADVOKAT KNUT SKAGEN AS: årsregnskap 2023 vs 2022

Grew 15% on revenue, weaker earnings

approved 2024-02-06; registry 2024-02-10; journal 2024 305328

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT KNUT SKAGEN AS. Revenue 3.77m NOK → 4.34m NOK (+15.1%). Net result +737.1k NOK → +290.0k NOK.

On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
3.77m NOK 4.34m NOK
+15.1%
Operating result
+945.0k NOK +649.3k NOK
-31.3%
Net result
+737.1k NOK +290.0k NOK
-60.7%
Cash
349.5k NOK 983.4k NOK
+181.4%
Total assets
3.06m NOK 4.34m NOK
+41.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.77m NOK to 4.34m NOK (+15.1% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 349.5k NOK → 983.4k NOK (+181.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.20m NOK → 2.02m NOK (58% → 47% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +945.0k NOK → +649.3k NOK (op. margin 25.1% → 15.0%). Calculated

  • ↓

    Net result weakened

    Net result +737.1k NOK → +290.0k NOK (net margin 19.6% → 6.7%). Calculated