Org.nr 916 823 339 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET LEXIS AS: årsregnskap 2023 vs 2022

Grew 77% on revenue, weaker earnings, cash halved-plus

approved 2024-03-11; registry 2024-03-25; journal 2024 339289

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET LEXIS AS. Revenue 13.88m NOK → 24.57m NOK (+77.1%). Net result +489.0k NOK → 0 NOK. Equity 1.74m NOK → 7.50m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.

Also worth watching: cogs fell; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET LEXIS AS.

Scorecard

Revenue
13.88m NOK 24.57m NOK
+77.1%
Operating result
+28.7k NOK +102.6k NOK
+257.7%
Net result
+489.0k NOK 0 NOK
-100.0%
Equity
1.74m NOK 7.50m NOK
+330.9%
Cash
585.4k NOK 133.1k NOK
-77.3%
Total assets
7.11m NOK 13.14m NOK
+84.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 13.88m NOK to 24.57m NOK (+77.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +28.7k NOK → +102.6k NOK (op. margin 0.2% → 0.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.74m NOK → 7.50m NOK (equity ratio 24.5% → 57.1%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +489.0k NOK → 0 NOK (net margin 3.5% → 0.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 585.4k NOK → 133.1k NOK (-77.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.31× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 1.12m NOK → 19.4k NOK (-98.3% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 81.0k NOK → 735.9k NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 0 → 3. Reported fact