2020 BULKERS SANTOS AS: årsregnskap 2025 vs 2024
Stronger earnings
approved 2026-03-27; registry 2026-04-27; journal 2026 362093
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 2020 BULKERS SANTOS AS. Revenue 114.11m NOK → 109.49m NOK (-4.0%). Net result +34.92m NOK → +75.54m NOK. Equity 44.35m NOK → 1.89m NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 2020 BULKERS SANTOS AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +34.92m NOK → +75.54m NOK (net margin 30.6% → 69.0%). Calculated
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↑
Cash rose
Bank deposits 13.94m NOK → 24.06m NOK (+72.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.15× → 73.68×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 114.11m NOK to 109.49m NOK (-4.0% YoY). Calculated
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↓
Operating result weakened
Operating result +71.49m NOK → +66.05m NOK (op. margin 62.6% → 60.3%). Calculated
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↓
Equity eroded
Book equity 44.35m NOK → 1.89m NOK (equity ratio 11.5% → 479.5%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 119.13m NOK → 1.13m NOK — check capital reduction, conversion, or reclassification. Interpretation