FirmaIQ
Org.nr 998 882 672 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET WULFF AS: årsregnskap 2023 vs 2022

Shrank 18% on revenue, slipped into loss, cash halved-plus

approved 2024-06-30; registry 2024-07-15; journal 2024 632344

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET WULFF AS. Revenue 4.99m NOK → 4.08m NOK (-18.2%). Net result +601.2k NOK → -352.8k NOK. Equity 2.02m NOK → 2.04m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
4.99m NOK 4.08m NOK
-18.2%
Operating result
+1.48m NOK +532.2k NOK
-64.2%
Net result
+601.2k NOK -352.8k NOK
-158.7%
Equity
2.02m NOK 2.04m NOK
+1.1%
Cash
132.3k NOK 877 NOK
-99.3%
Total assets
16.42m NOK 13.07m NOK
-20.4%

What improved

  • ↑

    Equity strengthened

    Book equity 2.02m NOK → 2.04m NOK (equity ratio 12.3% → 15.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.99m NOK to 4.08m NOK (-18.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.48m NOK → +532.2k NOK (op. margin 29.8% → 13.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 601.2k NOK profit to a loss of 352.8k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 132.3k NOK → 877 NOK (-99.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.09× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated