In today's business environment, bookkeeping and timely preparation of financial statements are key to successful business operations. Financial statements, such as the balance sheet, profit and loss statement, and cash flow report, are important for assessing the financial position and success of a company’s operations, as well as for making decisions for the company’s future operations. In the Republic of Croatia, the preparation and submission of financial statements is regulated by law and is mandatory for all legal entities. Financial statements should be relevant, reliable, consistent, comparable, understandable and timely. This final paper analyses the operations of the companies Aquae Viva d.d., Crvena Luka d.d., Mulino d.o.o., Hoteli Lišanj d.d. and Hoteli A d.o.o. in the period from 2018 to 2022. According to the Accounting Act, the listed companies are classified as small companies, and based on the 2007 National Classification of Activities (NKD 2007), the listed companies are classified in Area I Section 55 Accommodation and Area R Section 93 Entertainment and Recreational Activities. The paper analyses the financial statements of the selected companies using the financial indicators of liquidity, economy, solvency, profitability and activity to obtain an assessment of the performance of the mentioned companies.