ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2024 vs 2023
Shrank 42% on revenue, weaker earnings, cash halved-plus
approved 2025-04-25; registry 2025-04-28; journal 2025 394943
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 4.45m NOK → 2.58m NOK (-42.0%). Net result +311.2k NOK → +199.8k NOK. Equity 673.2k NOK → 873.0k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDGAARD & CO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 673.2k NOK → 873.0k NOK (equity ratio 47.5% → 64.0%). Calculated
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↑
Payroll decreased
Salary cost 2.55m NOK → 1.44m NOK (57% → 56% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.45m NOK to 2.58m NOK (-42.0% YoY). Calculated
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↓
Operating result weakened
Operating result +286.6k NOK → +176.8k NOK (op. margin 6.4% → 6.8%). Calculated
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↓
Net result weakened
Net result +311.2k NOK → +199.8k NOK (net margin 7.0% → 7.7%). Calculated
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↓
Cash fell
Bank deposits 644.5k NOK → 219.1k NOK (-66.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 426.6k NOK → 153.3k NOK (-64.1% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 4 → 2. Reported fact