FirmaIQ
Org.nr 914 388 546 2023 → 2024 Year-over-year analysis

ADVOKATFIRMAET LÖVENÖRN AS: årsregnskap 2024 vs 2023

Shrank 62% on revenue, weaker earnings

approved 2025-04-29; registry 2025-05-03; journal 2025 403524

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for ADVOKATFIRMAET LÖVENÖRN AS. Revenue 771.4k NOK → 296.4k NOK (-61.6%). Net result +4.13m NOK → +80.6k NOK. Equity 60.3k NOK → 8.14m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
771.4k NOK 296.4k NOK
-61.6%
Operating result
+149.5k NOK +110.7k NOK
-26.0%
Net result
+4.13m NOK +80.6k NOK
-98.0%
Equity
60.3k NOK 8.14m NOK
+13396.2%
Cash
9 213 NOK 93.6k NOK
+916.3%
Total assets
533.0k NOK 582.6k NOK
+9.3%

What improved

  • ↑

    Equity strengthened

    Book equity 60.3k NOK → 8.14m NOK (equity ratio 11.3% → 1397.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 9 213 NOK → 93.6k NOK (+916.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 771.4k NOK to 296.4k NOK (-61.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +149.5k NOK → +110.7k NOK (op. margin 19.4% → 37.3%). Calculated

  • ↓

    Net result weakened

    Net result +4.13m NOK → +80.6k NOK (net margin 535.6% → 27.2%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1 452 NOK → 16.3k NOK (0% → 6% of revenue). Calculated