Org.nr 928 949 605 2023 → 2024 Year-over-year analysis

2020 BULKERS SHENZHEN AS: årsregnskap 2024 vs 2023

Shrank 100% on revenue, cash halved-plus

approved 2025-05-28; registry 2025-06-18; journal 2025 532409

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for 2020 BULKERS SHENZHEN AS. Revenue 110.07m NOK → 117.2k NOK (-99.9%). Net result +51.19m NOK → +44.17m NOK. Equity 51.93m NOK → 48.14m NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for 2020 BULKERS SHENZHEN AS.

Scorecard

Revenue
110.07m NOK 117.2k NOK
-99.9%
Operating result
+68.73m NOK +74.19m NOK
+7.9%
Net result
+51.19m NOK +44.17m NOK
-13.7%
Equity
51.93m NOK 48.14m NOK
-7.3%
Cash
67.48m NOK 14.11m NOK
-79.1%
Total assets
451.3k NOK 378.81m NOK
+83841.6%

What improved

  • ↑

    Operating result improved

    Operating result +68.73m NOK → +74.19m NOK (op. margin 62.4% → 63286.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 110.07m NOK to 117.2k NOK (-99.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +51.19m NOK → +44.17m NOK (net margin 46.5% → 37681.3%). Calculated

  • ↓

    Equity eroded

    Book equity 51.93m NOK → 48.14m NOK (equity ratio 11508.0% → 12.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 67.48m NOK → 14.11m NOK (-79.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (67.48m NOK → 14.11m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 102.96m NOK → 60.96m NOK — check capital reduction, conversion, or reclassification. Interpretation