FirmaIQ
Org.nr 929 474 635 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET STORRVIK AS: årsregnskap 2023 vs 2022

Grew 126352% on revenue, stronger earnings

approved 2024-04-30; registry 2024-05-04; journal 2024 392421

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET STORRVIK AS. Revenue 23.0k NOK → 29.04m NOK (+126352.0%). Net result +414.1k NOK → +772.7k NOK. Equity 5.45m NOK → 1.22m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET STORRVIK AS.

At a glance

Scorecard

Revenue
23.0k NOK 29.04m NOK
+126352.0%
Operating result
+4 955 NOK +14.77m NOK
+297902.6%
Net result
+414.1k NOK +772.7k NOK
+86.6%
Equity
5.45m NOK 1.22m NOK
-77.6%
Cash
373.5k NOK 606.9k NOK
+62.5%
Total assets
5.98m NOK 8.14m NOK
+36.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 23.0k NOK to 29.04m NOK (+126352.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +4 955 NOK → +14.77m NOK (op. margin 21.6% → 50.9%). Calculated

  • ↑

    Net result improved

    Net result +414.1k NOK → +772.7k NOK (net margin 1803.3% → 2.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 373.5k NOK → 606.9k NOK (+62.5% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 5.45m NOK → 1.22m NOK (equity ratio 91.0% → 15.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 12.6k NOK → 8.29m NOK (55% → 29% of revenue). Calculated