Org.nr 920 720 463 2022 → 2023 Year-over-year analysis

ADVOKAT ØYSTEIN HJELMESET AS: årsregnskap 2023 vs 2022

Returned to profit

approved 2024-05-15; registry 2024-05-18; journal 2024 419066

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKAT ØYSTEIN HJELMESET AS. Revenue 1.53m NOK → 1.60m NOK (+4.8%). Net result -78.5k NOK → +358.6k NOK. Equity 106.0k NOK → 464.7k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT ØYSTEIN HJELMESET AS.

Scorecard

Revenue
1.53m NOK 1.60m NOK
+4.8%
Operating result
-100.7k NOK +458.4k NOK
+555.1%
Net result
-78.5k NOK +358.6k NOK
+557.0%
Equity
106.0k NOK 464.7k NOK
+338.2%
Cash
119.1k NOK 94.1k NOK
-21.0%
Total assets
352.2k NOK 769.7k NOK
+118.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.53m NOK to 1.60m NOK (+4.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -100.7k NOK → +458.4k NOK (op. margin -6.6% → 28.6%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 78.5k NOK to a profit of 358.6k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 106.0k NOK → 464.7k NOK (equity ratio 30.1% → 60.4%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 119.1k NOK → 94.1k NOK (-21.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.07m NOK → 2.61m NOK (70% → 163% of revenue). Calculated