AHMAD HARMOUCH AS: årsregnskap 2025 vs 2024
Shrank 63% on revenue, stronger earnings, cash halved-plus
approved 2026-06-15; registry 2026-06-16; journal 2026 550767
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AHMAD HARMOUCH AS. Revenue 5 470 NOK → 2 031 NOK (-62.9%). Net result -414.1k NOK → -227.3k NOK. Equity 212.7k NOK → -14.7k 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. All figures are taken from the published annual accounts for AHMAD HARMOUCH AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -340.9k NOK → -227.6k NOK (op. margin -6232.7% → -11205.7%). Calculated
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Net result improved
Net result -414.1k NOK → -227.3k NOK (net margin -7570.3% → -11192.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5 470 NOK to 2 031 NOK (-62.9% YoY). Calculated
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↓
Equity eroded
Book equity 212.7k NOK → -14.7k NOK (equity ratio 13.2% → -1.5%). Calculated
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Cash fell
Bank deposits 14.0k NOK → 1 818 NOK (-87.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.17× → 0.33× — 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 -1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation