Org.nr 914 388 546 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET LÖVENÖRN AS: årsregnskap 2023 vs 2022

Grew 153% on revenue, returned to profit, cash halved-plus

approved 2024-04-28; registry 2024-05-27; journal 2024 385277

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET LÖVENÖRN AS. Revenue 305.3k NOK → 771.4k NOK (+152.6%). Net result -29.9k NOK → +4.13m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

Net constructive year on the published lines.

At a glance

Revenue

305.3k NOK 771.4k NOK

+152.6%

Operating result

-17.8k NOK +149.5k NOK

+941.7%

Net result

-29.9k NOK +4.13m NOK

+13903.3%

Equity

n/m 60.3k NOK

—

Cash

101.7k NOK 9 213 NOK

-90.9%

Total assets

253.3k NOK 533.0k NOK

+110.4%

↑
Revenue rose

Operating income / revenue moved from 305.3k NOK to 771.4k NOK (+152.6% YoY). Calculated
↑
Operating result improved

Operating result -17.8k NOK → +149.5k NOK (op. margin -5.8% → 19.4%). Calculated
↑
Turned profitable

Net result flipped from a loss of 29.9k NOK to a profit of 4.13m NOK. Calculated
↑
Current ratio back above 1×

Current ratio 0.60× → 1.02×. Calculated
↑
Payroll decreased

Salary cost 76.6k NOK → 1 452 NOK (25% → 0% of revenue). Calculated