FirmaIQ
Org.nr 928 949 583 2023 → 2024 Year-over-year analysis

2020 BULKERS SYDNEY AS: årsregnskap 2024 vs 2023

Grew 41% on revenue, stronger earnings, cash halved-plus

approved 2025-05-28; registry 2025-06-18; journal 2025 532454

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2024 with 2023 for 2020 BULKERS SYDNEY AS. Revenue 82.30m NOK → 115.83m NOK (+40.7%). Net result +20.71m NOK → +38.79m NOK. Equity 49.73m NOK → 41.55m NOK.

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

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 2020 BULKERS SYDNEY AS.

At a glance

Scorecard

Revenue
82.30m NOK 115.83m NOK
+40.7%
Operating result
+39.77m NOK +74.39m NOK
+87.0%
Net result
+20.71m NOK +38.79m NOK
+87.3%
Equity
49.73m NOK 41.55m NOK
-16.4%
Cash
27.70m NOK 13.77m NOK
-50.3%
Total assets
410.45m NOK 378.62m NOK
-7.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 82.30m NOK to 115.83m NOK (+40.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +39.77m NOK → +74.39m NOK (op. margin 48.3% → 64.2%). Calculated

  • ↑

    Net result improved

    Net result +20.71m NOK → +38.79m NOK (net margin 25.2% → 33.5%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 49.73m NOK → 41.55m NOK (equity ratio 12.1% → 11.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 27.70m NOK → 13.77m NOK (-50.3% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 181.38m NOK → 140.38m NOK — check capital reduction, conversion, or reclassification. Interpretation