Andorran Olympic Committee Reports €149K Loss for 2025 Amid Hosting Games

The Andorran Olympic Committee (COA) recorded a loss of €149,018.72 for the 2025 financial year, according to annual accounts approved by its general assembly and published last Friday.

Despite the deficit, the organisation retains a strong financial position, with €683,685.65 in cash holdings and net assets of €959,313.20. The year's shortfall exceeded the previous year's loss of €103,221.62, leading the COA to draw down reserves from €676,571.54 at the end of 2024 to €573,349.92. These reserves fully covered the 2025 deficit.

The period was shaped by hosting the Small States of Europe Games in Andorra, which influenced the accounts. A key expense was the €150,000 contribution to the Private Foundation for the Andorra 2025 Small States of Europe Games, matching a similar payment the prior year as noted in the audit report.

Revenue totalled €454,395.55 in grants, the main funding source. This included €196,878.07 linked to the Small States Games, plus contributions from the International Olympic Committee, Olympic Solidarity and the Andorran government. Sponsorship from Andbank provided €20,000 annually.

Personnel costs reached €96,552.61, comprising €83,595.34 in salaries and €12,957.27 in social charges, reflecting a lean structure. Cash fell from €976,306.55 at the end of 2024, though credit facilities include four Visa Open Or cards with €6,000 limits each and one Via-T Plus card of €600, for a total limit of €24,600. Only €1,167.41 was drawn at year-end.

RSM Andorra audited the accounts, issuing a clean opinion that they faithfully represent the COA's position as of 31 December 2025. They are available on the committee's website.

In related developments, the government granted the COA €158,085.85 for 2026 to support athlete participation in international events, including the February Winter Olympics in Milan and Cortina d'Ampezzo. This is lower than the €221,234.52 allocated in 2025, a year featuring the Small States Games and European Youth Olympic Festival. The award forms part of nearly €5 million (€4,939,213.78) in total government aid to historic federations and clubs.