ADVOKATFIRMA ØGLÆND & CO AS: årsregnskap 2024 vs 2023
Grew 19% on revenue, stronger earnings
approved 2025-03-06; registry 2025-04-10; journal 2025 371137
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVOKATFIRMA ØGLÆND & CO AS. Revenue 10.82m NOK → 12.85m NOK (+18.8%). Net result +56.9k NOK → +1.52m NOK. Equity 972.6k NOK → 11.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA ØGLÆND & CO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 10.82m NOK to 12.85m NOK (+18.8% YoY). Calculated
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↑
Operating result improved
Operating result +342.4k NOK → +1.94m NOK (op. margin 3.2% → 15.1%). Calculated
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Net result improved
Net result +56.9k NOK → +1.52m NOK (net margin 0.5% → 11.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 972.6k NOK → 11.4k NOK (equity ratio 19.7% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 590.2k NOK → 327.8k NOK (-44.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.23× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 7.19m NOK → 8.45m NOK (66% → 66% of revenue). Calculated