Org.nr 987 941 065 2023 → 2024 Year-over-year analysis

ADVOKATFIRMAET ELVENES AS: årsregnskap 2024 vs 2023

Shrank 16% on revenue, slipped into loss

approved 2025-04-29; registry 2025-05-05; journal 2025 404026

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ADVOKATFIRMAET ELVENES AS. Revenue 2.25m NOK → 1.88m NOK (-16.4%). Net result +479.4k NOK → -109.1k NOK. Equity 1.14m NOK → 1.03m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

Scorecard

Revenue
2.25m NOK 1.88m NOK
-16.4%
Operating result
+613.0k NOK -87.3k NOK
-114.2%
Net result
+479.4k NOK -109.1k NOK
-122.8%
Equity
1.14m NOK 1.03m NOK
-9.6%
Cash
652.7k NOK 742.9k NOK
+13.8%
Total assets
1.79m NOK 1.51m NOK
-15.5%

What improved

  • ↑

    Cash rose

    Bank deposits 652.7k NOK → 742.9k NOK (+13.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 987.3k NOK → 1 147 NOK (44% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.25m NOK to 1.88m NOK (-16.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +613.0k NOK → -87.3k NOK (op. margin 27.2% → -4.6%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 479.4k NOK profit to a loss of 109.1k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.14m NOK → 1.03m NOK (equity ratio 63.6% → 68.0%). Calculated