AH CLASSIC CARS AS: årsregnskap 2024 vs 2023
Grew 28% on revenue, stronger earnings, cash halved-plus
registry 2025-06-30; journal 2025 588996
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for AH CLASSIC CARS AS. Revenue 1.61m NOK → 2.06m NOK (+28.3%). Net result -12.99m NOK → -2.91m NOK. Equity -1.33m NOK → -4.24m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for AH CLASSIC CARS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.61m NOK to 2.06m NOK (+28.3% YoY). Calculated
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Operating result improved
Operating result -12.92m NOK → -2.83m NOK (op. margin -803.9% → -137.4%). Calculated
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Net result improved
Net result -12.99m NOK → -2.91m NOK (net margin -808.5% → -141.1%). Calculated
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Payroll decreased
Salary cost 3.57m NOK → 13.9k NOK (222% → 1% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity -1.33m NOK → -4.24m NOK (equity ratio -30.8% → -783.5%). Calculated
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Cash fell
Bank deposits 266.4k NOK → 85.2k NOK (-68.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 16.83× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -783.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 10.68m NOK → 3.58m NOK (-66.5% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact