A C HVOSLEF AS: årsregnskap 2025 vs 2024
Grew 16% on revenue, weaker earnings
approved 2026-06-28; registry 2026-08-08; journal 2026 693894
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for A C HVOSLEF AS. Revenue 7.67m NOK → 8.92m NOK (+16.3%). Net result +900.2k NOK → +362.0k NOK. Equity 771.1k NOK → 133.1k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A C HVOSLEF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.67m NOK to 8.92m NOK (+16.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.96× → 1.52×. Calculated
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↑
Payroll decreased
Salary cost 5.18m NOK → 5.12m NOK (68% → 57% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.90m NOK → +554.8k NOK (op. margin 24.8% → 6.2%). Calculated
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↓
Net result weakened
Net result +900.2k NOK → +362.0k NOK (net margin 11.7% → 4.1%). Calculated
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↓
Equity eroded
Book equity 771.1k NOK → 133.1k NOK (equity ratio 11.3% → 4.0%). Calculated
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↓
Cash fell
Bank deposits 5.47m NOK → 3.29m NOK (-39.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 996 NOK → 996.0k NOK. Reported fact