Financial liquidity and profitability are two critical phenomena present in the financial economy of a company, whose relations depend on each other and may course in different directions. At the same time, they are an example of the complexity of the problem, which demands a proper approach, allowing one to reconcile two opposing objectives of any enterprise, i.e., maximizing the benefits for the owners and minimizing the risk of losing financial liquidity. Until now, the relationship between liquidity and profitability has not been examined explicitly, using multidimensional methods in particular. Nevertheless, the links between profitability and financial liquidity maintenance ensure the sustainable development of enterprises in different branches. This paper formulates two aims: scientific and practical. The scientific one concerns adopting the canonical variate analysis method to visualize the differences and relationships between food industry companies regarding financial liquidity and profitability. The practical one relates to indicating the relationship between financial liquidity and profitability in different groups of food industry companies. To study the relationships between the selected groups of enterprises and describe them, the liquidity and profitability ratios were utilized, involving canonical variate analysis based on transformation by linear combination and singular value decomposition. The analysis found that the most important feature highlighting the group of the examined entities regarding financial liquidity was the cash conversion cycle. The research results showed the existence of multidirectional relationships between liquidity and profitability. The research indicates that they depend on indicators describing financial dependencies and the industries in which they operate. This led to a much deeper and broader interpretation of the assessment of the financial situation of companies to support their sustainable development.

In conditions of economic and political instability, when unpredictability affects business, the need for security, including financial security, becomes particularly important. In our study, we address this issue, with the main objective of comparing and evaluating the financial security of small and medium-sized renewable energy companies in Poland according to sustainable development goals. In order to study and describe relationships between selected groups of companies, financial ratios were used, including canonical variate analysis. The liquidity ratios of the surveyed companies indicated a low level of financial security in terms of the ability to meet short-term liabilities. The profitability of operations was low and did not contribute to the improvement of financial security in most of the companies. The lowest return on assets was found in the group of biogas plants. Higher profitability of assets was found in solar power plants, including those with system installations. Solar power plants were also characterized by a high level of total debt and a rapid turnover of assets in comparison to other studied companies. The results show that the financial security of small and medium-sized renewable energy enterprises in Poland is low, which may be a threat to sustainable development in the future.

According to historical sources, a watermill existed in the valley of the Trojanka River on the north-western shore of Raduszyn Lake from the 15th century. Its dams lasted for centuries causing the water flow through the Raduszyn reservoir to slow down and deposit various mineral fractions in it. The aim of paper was to develop a scientific background for the sustainable management of organic matter extracted from the peat top and from deeper layers that are unsuitable for direct use, that is, decomposed peat. A SWOT (strengths, weaknesses, opportunities, threats) analysis was used to describe ways of restoration of the water reservoir alongside the characterization of organic matter and the financial condition of the studied enterprise. For the use of the studied material as a homogeneous substrate for plant cultivation, the contents of nitrogen, phosphorus, potassium, and copper were insufficient, whilst calcium was excessive. Microbiological analyses of the organic materials intended as an additive for horticultural substrates confirmed the presence of plant growth-promoting bacteria. The occurrence of such microorganisms in the substrate can limit the use of mineral fertilizers and chemical plant protection products. The results of the research can be an example for enterprises restoring or creating water reservoirs by extraction of organic matter, which is often considered as waste that generates costs and does not bring financial benefits. Such a measure can be used to improve the efficiency of water reservoir restoration enterprises and at the same time contribute to sustainable land development.

This study shows that in Poland 80% of all animal feed is based on soybean meal imports. To secure the supply of high-protein feed, seeking alternative sources of protein is recommended. A potential solution to this problem is to develop native legumes within Poland. However, these plants are characterized by unfavorable biological characteristics, which cause unstable economic results, limiting the development of their production. Therefore, modern science faces a task which on the one hand will improve the cultivation of these plants and on the other create a market for pulses, providing a steady rotation of this resource. W Polsce żywienie zwierząt w 80% oparte jest na importowanej śrucie sojowej. Ze względu na zabezpieczenie podaży pasz wysokobiałkowych wskazane jest poszukiwanie alternatywnych źródeł białka. Ewentualnym rozwiązaniem niniejszego problemu może być rozwój produkcji rodzimych roślin strączkowych. Jednak rośliny te cechują się niekorzystnymi właściwościami biologicznymi, co sprawia, że osiągane wyniki ekonomiczno-produkcyjne są niestabilne i ograniczają rozwój ich produkcji. W związku z tym przed współczesną nauką stoją zadania, które z jednej strony pozwolą ulepszyć produkcję tych roślin, a z drugiej strony pozwolą stworzyć rynek nasion roślin strączkowych, zapewniający płynny obrót tym surowcem.

In the context of the coronavirus pandemic and the armed conflict between Russia and Ukraine, energy security is essential to economic challenges nowadays. The basis for the proper operating of the energy sector is to ensure a stable supply of energy to end users and to secure finances of energy companies, so that they can operate sustainably in times of uncertainty. In our studies, we have addressed this issue with the main objective of assessing the state of energy security from the perspective of the stability of the financial situation of energy sector companies in the context of the global energy crisis and a sustainable energy future. Financial indicators and a canonical variable analysis were used to examine the financial situation of companies in the energy sector and to describe links between selected groups of energy companies. Such companies operating during political and economic instability did not record worse financial results than in the year 2018. It was found that in case-studied firms, total debt decreased and moreover, liquidity and return on assets improved. Companies have focused on securing their financial health and ensuring the stability of their energy supplies and the issue of the environmental impact of energy production has unfortunately become a secondary concern. Nevertheless, in the event of further crises, it is reasonable to assume that a focus on maintaining liquidity and generating profits for energy companies will be more important to companies than environmental challenges and the fight against climate change.