Org.nr 913 669 932 2022 → 2023 Year-over-year analysis

ADVOKATFIRMA SØLVERUD AS: årsregnskap 2023 vs 2022

Shrank 27% on revenue, returned to profit

approved 2024-04-30; registry 2024-05-04; journal 2024 391440

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMA SØLVERUD AS. Revenue 3.77m NOK → 2.76m NOK (-26.8%). Net result -705.7k NOK → +546.5k NOK. Equity -374.2k NOK → 172.3k NOK.

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

Also worth watching: book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMA SØLVERUD AS.

Scorecard

Revenue
3.77m NOK 2.76m NOK
-26.8%
Operating result
-698.4k NOK +547.3k NOK
+178.4%
Net result
-705.7k NOK +546.5k NOK
+177.4%
Equity
-374.2k NOK 172.3k NOK
+146.0%
Cash
45.9k NOK 115.6k NOK
+151.6%
Total assets
928.5k NOK 726.3k NOK
-21.8%

What improved

  • ↑

    Operating result improved

    Operating result -698.4k NOK → +547.3k NOK (op. margin -18.5% → 19.8%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 705.7k NOK to a profit of 546.5k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -374.2k NOK → 172.3k NOK (equity ratio -40.3% → 23.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 45.9k NOK → 115.6k NOK (+151.6% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.58× → 1.03×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.77m NOK to 2.76m NOK (-26.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 71.0k NOK → 25.0k NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 4 → 3. Reported fact