Org.nr 933 983 277 2024 → 2025 Year-over-year analysis

AH MAT AS: årsregnskap 2025 vs 2024

Grew 181% on revenue, weaker earnings

approved 2026-06-04; registry 2026-07-01; journal 2026 613354

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for AH MAT AS. Revenue 3.69m NOK → 10.35m NOK (+180.9%). Net result -81.2k NOK → -608.4k NOK. Equity -60.0k NOK → -668.4k NOK.

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

Also worth watching: thin equity buffer; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for AH MAT AS.

Scorecard

Revenue
3.69m NOK 10.35m NOK
+180.9%
Operating result
-81.5k NOK -609.9k NOK
-648.1%
Net result
-81.2k NOK -608.4k NOK
-649.2%
Equity
-60.0k NOK -668.4k NOK
-1014.0%
Cash
1.04m NOK 1.13m NOK
+8.6%
Total assets
1.50m NOK 1.73m NOK
+15.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.69m NOK to 10.35m NOK (+180.9% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1.04m NOK → 1.13m NOK (+8.6% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -81.5k NOK → -609.9k NOK (op. margin -2.2% → -5.9%). Calculated

  • ↓

    Net result weakened

    Net result -81.2k NOK → -608.4k NOK (net margin -2.2% → -5.9%). Calculated

  • ↓

    Equity eroded

    Book equity -60.0k NOK → -668.4k NOK (equity ratio -4.0% → -38.7%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.04× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -38.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 1.41m NOK → 3.75m NOK (+165.1% YoY). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 2 → 8. Reported fact