FirmaIQ
Org.nr 920 902 936 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET HARTZ & CO AS: årsregnskap 2023 vs 2022

Grew 23% on revenue, stronger earnings

approved 2024-04-30; registry 2024-05-04; journal 2024 393702

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET HARTZ & CO AS. Revenue 11.40m NOK → 14.02m NOK (+23.0%). Net result +1.63m NOK → +2.94m NOK. Equity 2.49m NOK → 528.3k NOK.

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

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HARTZ & CO AS.

At a glance

Scorecard

Revenue
11.40m NOK 14.02m NOK
+23.0%
Operating result
+2.12m NOK +3.78m NOK
+78.5%
Net result
+1.63m NOK +2.94m NOK
+80.5%
Equity
2.49m NOK 528.3k NOK
-78.8%
Cash
292.6k NOK 3.40m NOK
+1061.3%
Total assets
5.30m NOK 8.80m NOK
+66.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.40m NOK to 14.02m NOK (+23.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.12m NOK → +3.78m NOK (op. margin 18.6% → 27.0%). Calculated

  • ↑

    Net result improved

    Net result +1.63m NOK → +2.94m NOK (net margin 14.3% → 20.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 292.6k NOK → 3.40m NOK (+1061.3% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.49m NOK → 528.3k NOK (equity ratio 47.0% → 6.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 6.15m NOK → 7.20m NOK (54% → 51% of revenue). Calculated