FirmaIQ
Org.nr 918 493 964 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET BAX AS: årsregnskap 2023 vs 2022

Grew 30% on revenue, stronger earnings

approved 2024-03-07; registry 2024-04-29; journal 2024 380391

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET BAX AS. Revenue 11.26m NOK → 14.60m NOK (+29.7%). Net result +4.26m NOK → +5.42m NOK. Equity 10.42m NOK → 419.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET BAX AS.

At a glance

Scorecard

Revenue
11.26m NOK 14.60m NOK
+29.7%
Operating result
+5.46m NOK +6.95m NOK
+27.3%
Net result
+4.26m NOK +5.42m NOK
+27.4%
Equity
10.42m NOK 419.5k NOK
-96.0%
Cash
3.27m NOK 3.23m NOK
-1.3%
Total assets
7.62m NOK 9.64m NOK
+26.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.26m NOK to 14.60m NOK (+29.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +5.46m NOK → +6.95m NOK (op. margin 48.5% → 47.6%). Calculated

  • ↑

    Net result improved

    Net result +4.26m NOK → +5.42m NOK (net margin 37.8% → 37.1%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 10.42m NOK → 419.5k NOK (equity ratio 136.8% → 4.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.27m NOK → 3.23m NOK (-1.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 2 283 NOK → 101.5k NOK (+4346.4% YoY). Calculated