FirmaIQ
Org.nr 996 357 503 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET LEX AS: årsregnskap 2023 vs 2022

Grew 118858% on revenue, stronger earnings

approved 2024-04-04; registry 2024-04-08; journal 2024 348263

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET LEX AS. Revenue 3 508 NOK → 4.17m NOK (+118858.4%). Net result +1 812 NOK → +472.7k NOK. Equity 1.64m NOK → 1.61m NOK.

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

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET LEX AS.

At a glance

Scorecard

Revenue
3 508 NOK 4.17m NOK
+118858.4%
Operating result
+5 392 NOK +621.3k NOK
+11422.1%
Net result
+1 812 NOK +472.7k NOK
+25987.7%
Equity
1.64m NOK 1.61m NOK
-1.7%
Cash
486.6k NOK 636.3k NOK
+30.8%
Total assets
2.62m NOK 3.36m NOK
+28.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3 508 NOK to 4.17m NOK (+118858.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +5 392 NOK → +621.3k NOK (op. margin 153.7% → 14.9%). Calculated

  • ↑

    Net result improved

    Net result +1 812 NOK → +472.7k NOK (net margin 51.7% → 11.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 486.6k NOK → 636.3k NOK (+30.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.76m NOK → 2.50m NOK (78662% → 60% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 1.64m NOK → 1.61m NOK (equity ratio 62.5% → 48.0%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 51.9k NOK → 150.9k NOK (+190.6% YoY). Calculated