Org.nr 912 016 056 2022 → 2023 Year-over-year analysis

ADVOKATFIRMA FREIBU AS: årsregnskap 2023 vs 2022

Shrank 24% on revenue, returned to profit

approved 2024-04-24; registry 2024-05-02; journal 2024 386874

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMA FREIBU AS. Revenue 6.94m NOK → 5.29m NOK (-23.8%). Net result -2.83m NOK → +1.34m NOK. Equity -2.37m NOK → -1.03m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA FREIBU AS.

Scorecard

Revenue
6.94m NOK 5.29m NOK
-23.8%
Operating result
-2.83m NOK +1.34m NOK
+147.3%
Net result
-2.83m NOK +1.34m NOK
+147.4%
Equity
-2.37m NOK -1.03m NOK
+56.6%
Cash
179.9k NOK 317.7k NOK
+76.6%
Total assets
7.10m NOK 6.79m NOK
-4.3%

What improved

  • ↑

    Operating result improved

    Operating result -2.83m NOK → +1.34m NOK (op. margin -40.8% → 25.3%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 2.83m NOK to a profit of 1.34m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -2.37m NOK → -1.03m NOK (equity ratio -33.4% → -15.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 179.9k NOK → 317.7k NOK (+76.6% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 6.64m NOK → 1.15m NOK (96% → 22% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.94m NOK to 5.29m NOK (-23.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 163.0k NOK → 99.0k NOK. Reported fact