AJ HORGENS VEI 1-9 AS: årsregnskap 2025 vs 2024
Weaker earnings, cash halved-plus
approved 2026-03-17; registry 2026-05-26; journal 2026 401256
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AJ HORGENS VEI 1-9 AS. Revenue 1.25m NOK → 1.28m NOK (+1.8%). Net result +411.9k NOK → +10.3k NOK. Equity 107.1k NOK → 1 117 NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJ HORGENS VEI 1-9 AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.25m NOK to 1.28m NOK (+1.8% YoY). Calculated
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↑
Operating result improved
Operating result +365.1k NOK → +793.1k NOK (op. margin 29.1% → 62.1%). Calculated
What deteriorated
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↓
Net result weakened
Net result +411.9k NOK → +10.3k NOK (net margin 32.8% → 0.8%). Calculated
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↓
Equity eroded
Book equity 107.1k NOK → 1 117 NOK (equity ratio 0.3% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 28.2k NOK → 14.0k NOK (-50.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation