AH CLASSIC CARS AS: årsregnskap 2025 vs 2024
Shrank 75% on revenue, stronger earnings, cash halved-plus
approved 2026-07-07; registry 2026-08-01; journal 2026 662686
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AH CLASSIC CARS AS. Revenue 2.06m NOK → 510.3k NOK (-75.2%). Net result -2.91m NOK → -244.4k NOK. Equity -4.24m NOK → -4.48m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AH CLASSIC CARS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -2.83m NOK → -99.3k NOK (op. margin -137.4% → -19.5%). Calculated
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Net result improved
Net result -2.91m NOK → -244.4k NOK (net margin -141.1% → -47.9%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.06m NOK to 510.3k NOK (-75.2% YoY). Calculated
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↓
Equity eroded
Book equity -4.24m NOK → -4.48m NOK (equity ratio -783.5% → -30010.6%). Calculated
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↓
Cash fell
Bank deposits 85.2k NOK → 10.9k NOK (-87.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 13.9k NOK → 25.6k NOK (1% → 5% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -30010.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.58m NOK → 440.0k NOK (-87.7% YoY). Calculated