2020 BULKERS SAO PAULO AS: årsregnskap 2025 vs 2024
Shrank 18% on revenue, stronger earnings
approved 2026-03-27; registry 2026-04-27; journal 2026 362120
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 2020 BULKERS SAO PAULO AS. Revenue 129.21m NOK → 105.40m NOK (-18.4%). Net result +50.59m NOK → +69.80m NOK. Equity 52.31m NOK → 1.61m 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 SAO PAULO AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +50.59m NOK → +69.80m NOK (net margin 39.2% → 66.2%). Calculated
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Cash rose
Bank deposits 14.46m NOK → 21.95m NOK (+51.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.15× → 78.51×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 129.21m NOK to 105.40m NOK (-18.4% YoY). Calculated
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↓
Operating result weakened
Operating result +84.70m NOK → +60.87m NOK (op. margin 65.6% → 57.7%). Calculated
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↓
Equity eroded
Book equity 52.31m NOK → 1.61m NOK (equity ratio 13.4% → 402.2%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 114.60m NOK → 9.12m NOK — check capital reduction, conversion, or reclassification. Interpretation