Org.nr 999 590 713 2022 → 2023 Year-over-year analysis

ADVOKATFIRMA NIEDZIELSKI AS: årsregnskap 2023 vs 2022

Shrank 34% on revenue, weaker earnings

approved 2024-04-23; registry 2024-04-27; journal 2024 378098

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMA NIEDZIELSKI AS. Revenue 4.62m NOK → 3.04m NOK (-34.3%). Net result +221.7k NOK → +79.3k NOK. Equity 5.79m NOK → 865.3k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA NIEDZIELSKI AS.

Scorecard

Revenue
4.62m NOK 3.04m NOK
-34.3%
Operating result
+287.0k NOK +91.9k NOK
-68.0%
Net result
+221.7k NOK +79.3k NOK
-64.2%
Equity
5.79m NOK 865.3k NOK
-85.0%
Cash
934.3k NOK 469.9k NOK
-49.7%
Total assets
1.66m NOK 1.43m NOK
-14.1%

What improved

  • ↑

    Payroll decreased

    Salary cost 3.11m NOK → 2.04m NOK (67% → 67% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.62m NOK to 3.04m NOK (-34.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +287.0k NOK → +91.9k NOK (op. margin 6.2% → 3.0%). Calculated

  • ↓

    Net result weakened

    Net result +221.7k NOK → +79.3k NOK (net margin 4.8% → 2.6%). Calculated

  • ↓

    Equity eroded

    Book equity 5.79m NOK → 865.3k NOK (equity ratio 347.7% → 60.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 934.3k NOK → 469.9k NOK (-49.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 40.8k NOK → 30.4k NOK (-25.6% YoY). Calculated