ADVOKATFIRMA VARJAG AS: årsregnskap 2024 vs 2023
Grew 9% on revenue, weaker earnings, cash halved-plus
approved 2025-04-25; registry 2025-04-28; journal 2025 395789
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVOKATFIRMA VARJAG AS. Revenue 3.50m NOK → 3.80m NOK (+8.7%). Net result +477.3k NOK → +263.7k NOK. Equity 851.2k NOK → 14.9k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA VARJAG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.50m NOK to 3.80m NOK (+8.7% YoY). Calculated
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Operating result improved
Operating result +441.2k NOK → +889.8k NOK (op. margin 12.6% → 23.4%). Calculated
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Payroll decreased
Salary cost 2.16m NOK → 1.87m NOK (62% → 49% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +477.3k NOK → +263.7k NOK (net margin 13.6% → 6.9%). Calculated
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↓
Equity eroded
Book equity 851.2k NOK → 14.9k NOK (equity ratio 43.4% → 0.7%). Calculated
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↓
Cash fell
Bank deposits 881.8k NOK → 37.8k NOK (-95.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation