Org.nr 970 920 420 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET HVATTUM AS: årsregnskap 2023 vs 2022

Shrank 18% on revenue, slipped into loss, cash halved-plus

approved 2024-04-09; registry 2024-04-11; journal 2024 353417

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET HVATTUM AS. Revenue 523.9k NOK → 432.1k NOK (-17.5%). Net result +12.0k NOK → -90.6k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Revenue

523.9k NOK 432.1k NOK

-17.5%

Operating result

+12.9k NOK -90.1k NOK

-799.4%

Net result

+12.0k NOK -90.6k NOK

-857.2%

Equity

n/m 1.09m NOK

—

Cash

133.4k NOK 38.3k NOK

-71.3%

Total assets

1.24m NOK 1.13m NOK

-8.4%

↓
Revenue fell

Operating income / revenue moved from 523.9k NOK to 432.1k NOK (-17.5% YoY). Calculated
↓
Operating result weakened

Operating result +12.9k NOK → -90.1k NOK (op. margin 2.5% → -20.9%). Calculated
↓
Fell into a net loss

Net result flipped from 12.0k NOK profit to a loss of 90.6k NOK. Calculated
↓
Cash fell

Bank deposits 133.4k NOK → 38.3k NOK (-71.3% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 195.9k NOK → 344.4k NOK (37% → 80% of revenue). Calculated