ADVOKAT ØYVIND TVEDT AS: årsregnskap 2024 vs 2023
Shrank 15% on revenue, weaker earnings, cash halved-plus
approved 2025-04-07; registry 2025-04-09; journal 2025 369467
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVOKAT ØYVIND TVEDT AS. Revenue 2.73m NOK → 2.34m NOK (-14.6%). Net result +1.04m NOK → +790.7k NOK. Equity 443.1k NOK → 452.8k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT ØYVIND TVEDT AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 443.1k NOK → 452.8k NOK (equity ratio 21.6% → 35.7%). Calculated
-
↑
Payroll decreased
Salary cost 869.3k NOK → 850.6k NOK (32% → 36% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.73m NOK to 2.34m NOK (-14.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.33m NOK → +1.01m NOK (op. margin 48.6% → 43.1%). Calculated
-
↓
Net result weakened
Net result +1.04m NOK → +790.7k NOK (net margin 37.9% → 33.9%). Calculated
-
↓
Cash fell
Bank deposits 1.24m NOK → 259.0k NOK (-79.2% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.24m NOK → 259.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation