AHC AS: årsregnskap 2025 vs 2024
Shrank 26% on revenue, weaker earnings, cash halved-plus
approved 2026-05-27; registry 2026-05-30; journal 2026 488589
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AHC AS. Revenue 1.72m NOK → 1.26m NOK (-26.4%). Net result +729.9k NOK → +529.9k NOK. Equity 3.56m NOK → 3.84m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for AHC AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 3.56m NOK → 3.84m NOK (equity ratio 84.4% → 87.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.72m NOK to 1.26m NOK (-26.4% YoY). Calculated
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↓
Operating result weakened
Operating result +811.5k NOK → +646.8k NOK (op. margin 47.2% → 51.1%). Calculated
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↓
Net result weakened
Net result +729.9k NOK → +529.9k NOK (net margin 42.5% → 41.9%). Calculated
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↓
Cash fell
Bank deposits 3.90m NOK → 1.28m NOK (-67.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.68m NOK → 3.51m NOK (156% → 278% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.90m NOK → 1.28m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 63.3k NOK → 11.6k NOK (-81.7% YoY). Calculated