Org.nr 991 556 664 2023 → 2024 Year-over-year analysis

ADVOKATENE HOVDE MNA AS: årsregnskap 2024 vs 2023

Shrank 20% on revenue, slipped into loss

approved 2025-04-28; registry 2025-05-05; journal 2025 405668

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADVOKATENE HOVDE MNA AS. Revenue 3.36m NOK → 2.70m NOK (-19.6%). Net result +101.7k NOK → -26.2k NOK. Equity 1.11m NOK → 1.08m NOK.

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

Net tougher year on the published lines.

Scorecard

Revenue
3.36m NOK 2.70m NOK
-19.6%
Operating result
+93.7k NOK -59.1k NOK
-163.1%
Net result
+101.7k NOK -26.2k NOK
-125.7%
Equity
1.11m NOK 1.08m NOK
-2.4%
Cash
247.8k NOK 1.13m NOK
+357.9%
Total assets
2.16m NOK 1.50m NOK
-30.5%

What improved

  • ↑

    Cash rose

    Bank deposits 247.8k NOK → 1.13m NOK (+357.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.28m NOK → 1.84m NOK (68% → 68% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.36m NOK to 2.70m NOK (-19.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +93.7k NOK → -59.1k NOK (op. margin 2.8% → -2.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 101.7k NOK profit to a loss of 26.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.11m NOK → 1.08m NOK (equity ratio 51.4% → 72.2%). Calculated