FirmaIQ
Org.nr 993 496 669 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET HVIDSTEN AS: årsregnskap 2023 vs 2022

Shrank 9% on revenue, weaker earnings

approved 2024-04-02; registry 2024-04-06; journal 2024 346587

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET HVIDSTEN AS. Revenue 2.42m NOK → 2.21m NOK (-8.8%). Net result +644.8k NOK → +482.9k NOK. Equity 2.38m NOK → 2.55m NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HVIDSTEN AS.

At a glance

Scorecard

Revenue
2.42m NOK 2.21m NOK
-8.8%
Operating result
+817.1k NOK +577.9k NOK
-29.3%
Net result
+644.8k NOK +482.9k NOK
-25.1%
Equity
2.38m NOK 2.55m NOK
+7.3%
Cash
1.43m NOK 1.85m NOK
+29.6%
Total assets
2.85m NOK 3.19m NOK
+11.8%

What improved

  • ↑

    Equity strengthened

    Book equity 2.38m NOK → 2.55m NOK (equity ratio 83.4% → 80.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.43m NOK → 1.85m NOK (+29.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.42m NOK to 2.21m NOK (-8.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +817.1k NOK → +577.9k NOK (op. margin 33.8% → 26.2%). Calculated

  • ↓

    Net result weakened

    Net result +644.8k NOK → +482.9k NOK (net margin 26.7% → 21.9%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 921.8k NOK → 957.0k NOK. Reported fact