FirmaIQ
Org.nr 924 403 225 2022 → 2023 Year-over-year analysis

ADVOKATFIRMA VECTIO AS: årsregnskap 2023 vs 2022

Grew 21% on revenue, stronger earnings

approved 2024-03-07; registry 2024-03-11; journal 2024 323831

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMA VECTIO AS. Revenue 12.25m NOK → 14.80m NOK (+20.9%). Net result +2.71m NOK → +4.45m NOK. Equity 189.4k NOK → 244.2k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA VECTIO AS.

At a glance

Scorecard

Revenue
12.25m NOK 14.80m NOK
+20.9%
Operating result
+3.40m NOK +5.71m NOK
+67.8%
Net result
+2.71m NOK +4.45m NOK
+64.3%
Equity
189.4k NOK 244.2k NOK
+28.9%
Cash
2.01m NOK 4.27m NOK
+112.8%
Total assets
5.43m NOK 8.03m NOK
+47.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.25m NOK to 14.80m NOK (+20.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.40m NOK → +5.71m NOK (op. margin 27.8% → 38.6%). Calculated

  • ↑

    Net result improved

    Net result +2.71m NOK → +4.45m NOK (net margin 22.1% → 30.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 189.4k NOK → 244.2k NOK (equity ratio 3.5% → 3.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.01m NOK → 4.27m NOK (+112.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 6.55m NOK → 6.79m NOK (53% → 46% of revenue). Calculated