ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS: årsregnskap 2024 vs 2023
Grew 160% on revenue, stronger earnings, cash halved-plus
approved 2025-03-18; registry 2025-04-28; journal 2025 392292
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS. Revenue 1.44m NOK → 3.74m NOK (+160.1%). Net result +319.4k NOK → +1.07m NOK. Equity 653.2k NOK → 1.13m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET ECOVIS LEGAL NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.44m NOK to 3.74m NOK (+160.1% YoY). Calculated
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Net result improved
Net result +319.4k NOK → +1.07m NOK (net margin 22.2% → 28.8%). Calculated
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Equity strengthened
Book equity 653.2k NOK → 1.13m NOK (equity ratio 1446.8% → 44.4%). Calculated
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Current ratio back above 1×
Current ratio 0.12× → 6.17×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +412.9k NOK → +331.0k NOK (op. margin 28.7% → 8.9%). Calculated
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↓
Cash fell
Bank deposits 798.3k NOK → 22.0k NOK (-97.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 767.8k NOK → 2.04m NOK (53% → 54% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 900 NOK → 9 022 NOK (+374.8% YoY). Calculated