Wycombe Wanderers have reported a loss of £1.17M last season. Their turnover was £4.9M.
It appears efforts have been made not to give much publicity to the accounts as they have not been sent to shareholders.
The previous season the Chairboys lost close to £700,000.
The loss of £1.17M would have been higher without a figure of £523,000 from player sales.
"The general economic backdrop was extremely challenging, with companies reducing their expenditure on corporate hospitality and sponsorship, and individuals having to make careful choices over their discretionary expenditure," said chairman Ivor Beeks.
Wycombe are currently third in League Two.