ADVOKATENE GRAASVOLD & STENVAAG AS: årsregnskap 2025 vs 2024
Grew 13% on revenue, stronger earnings
approved 2026-03-23; registry 2026-05-28; journal 2026 477172
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADVOKATENE GRAASVOLD & STENVAAG AS. Revenue 3.30m NOK → 3.74m NOK (+13.4%). Net result +210.5k NOK → +284.1k NOK. Equity 395.1k NOK → 179.2k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATENE GRAASVOLD & STENVAAG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.30m NOK to 3.74m NOK (+13.4% YoY). Calculated
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Net result improved
Net result +210.5k NOK → +284.1k NOK (net margin 6.4% → 7.6%). Calculated
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Cash rose
Bank deposits 415.5k NOK → 1.97m NOK (+373.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +263.90m NOK → +362.0k NOK (op. margin 7998.9% → 9.7%). Calculated
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↓
Equity eroded
Book equity 395.1k NOK → 179.2k NOK (equity ratio 34.6% → 7.1%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.06m NOK → 2.44m NOK (62% → 65% of revenue). Calculated
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COGS fell
COGS / varekostnad 101.9k NOK → 29.1k NOK (-71.5% YoY). Calculated