ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2024 vs 2023
Grew 8% on revenue, weaker earnings
approved 2025-05-05; registry 2025-05-07; journal 2025 412312
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 4.40m NOK → 4.73m NOK (+7.6%). Net result +843.5k NOK → +489.6k NOK. Equity 107.3k NOK → 116.9k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKAT OLAV MARTIN JENTOFT JR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.40m NOK to 4.73m NOK (+7.6% YoY). Calculated
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Operating result improved
Operating result +159.1k NOK → +1.99m NOK (op. margin 3.6% → 42.1%). Calculated
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Equity strengthened
Book equity 107.3k NOK → 116.9k NOK (equity ratio 4.3% → 3.8%). Calculated
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Payroll decreased
Salary cost 2.11m NOK → 1.70m NOK (48% → 36% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +843.5k NOK → +489.6k NOK (net margin 19.2% → 10.3%). Calculated
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↓
Cash fell
Bank deposits 1.64m NOK → 1.14m NOK (-30.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 40.7k NOK → 29.9k NOK (-26.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 200.8k NOK → 43.2k NOK. Reported fact