DEVELOPMENT OF THE FINANCIAL SITUATION OF HUNGARIAN FOOD INDUSTRY ENTERPRISES – CHANGES BETWEEN 2017 AND 2021

Subject and purpose of work: The study aims to analyze how the leading financial data of double-entry bookkeeping food processing enterprises reflect the effects of the indicated economic environment. Materials and methods: The evaluation was fundamentally based on ratios calculated based on the statement of financial position and the income statement, trend analysis, and financial indicators. Results: The number of Hungarian food processing enterprises has been gradually decreasing over the period under review. Both turnover and expenditure show linear growth at current prices, with increases in the various result categories. The asset structure is stable, and profitability is improving. Conclusions: The number of companies and employment in the sector has steadily declined in recent years while efficiency is increasing. The increase in profits in the food industry is remarkable for all branches of the economy. The sector is adapting well to the adverse effects of the changing economic environment.