Org.nr 927 854 805 2021 → 2022 Year-over-year analysis

ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS: årsregnskap 2022 vs 2021

Shrank 63% on revenue, stronger earnings

approved 2023-04-28; registry 2023-05-02; journal 2023 381377

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS. Revenue 163.1k NOK → 60.1k NOK (-63.1%). Net result +3 104 NOK → +589.6k NOK. Equity 3.13m NOK → 423.8k NOK.

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

Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS.

Scorecard

Revenue
163.1k NOK 60.1k NOK
-63.1%
Operating result
+134.3k NOK +755.3k NOK
+462.4%
Net result
+3 104 NOK +589.6k NOK
+18894.2%
Equity
3.13m NOK 423.8k NOK
-86.5%
Cash
124.2k NOK 881.1k NOK
+609.2%
Total assets
184.0k NOK 964.8k NOK
+424.3%

What improved

  • ↑

    Operating result improved

    Operating result +134.3k NOK → +755.3k NOK (op. margin 82.3% → 1256.0%). Calculated

  • ↑

    Net result improved

    Net result +3 104 NOK → +589.6k NOK (net margin 1.9% → 980.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 124.2k NOK → 881.1k NOK (+609.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 163.1k NOK to 60.1k NOK (-63.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 3.13m NOK → 423.8k NOK (equity ratio 1703.3% → 43.9%). Calculated

Things to notice

  • ·

    Headcount (årsverk) changed

    Reported FTEs 0 → 1. Reported fact