2020 BULKERS SYDNEY AS: årsregnskap 2025 vs 2024
Shrank 12% on revenue, stronger earnings
approved 2026-03-27; registry 2026-04-27; journal 2026 362153
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 2020 BULKERS SYDNEY AS. Revenue 115.83m NOK → 102.04m NOK (-11.9%). Net result +38.79m NOK → +66.49m NOK. Equity 41.55m NOK → 2.04m 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 SYDNEY AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +38.79m NOK → +66.49m NOK (net margin 33.5% → 65.2%). Calculated
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Cash rose
Bank deposits 13.77m NOK → 22.08m NOK (+60.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.14× → 67.48×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 115.83m NOK to 102.04m NOK (-11.9% YoY). Calculated
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↓
Operating result weakened
Operating result +74.39m NOK → +56.76m NOK (op. margin 64.2% → 55.6%). Calculated
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↓
Equity eroded
Book equity 41.55m NOK → 2.04m NOK (equity ratio 11.0% → 531.2%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 140.38m NOK → 34.38m NOK — check capital reduction, conversion, or reclassification. Interpretation