| Segunda Division | 1 | 2003-08-31 | AWAY | SD Eibar | 2-1 |
| Segunda Division | 2 | 2003-09-07 | HOME | CD Tenerife | 1-1 |
| Segunda Division | 3 | 2003-09-14 | AWAY | Sporting Gijon | 3-2 |
| Segunda Division | 4 | 2003-09-20 | HOME | UD Almeria | 0-0 |
| Segunda Division | 5 | 2003-09-28 | AWAY | Atletico Malagueno | 0-0 |
| Segunda Division | 6 | 2003-10-05 | HOME | Getafe CF | 3-0 |
| Segunda Division | 7 | 2003-10-12 | AWAY | Deportivo Alaves | 1-1 |
| Segunda Division | 8 | 2003-10-19 | HOME | Cadiz CF | 0-1 |
| Segunda Division | 9 | 2003-10-25 | HOME | Recreativo de Huelva | 2-2 |
| Segunda Division | 10 | 2003-11-02 | AWAY | Cordoba | 2-0 |
| Segunda Division | 11 | 2003-11-09 | HOME | FC Salamanca | 0-1 |
| Segunda Division | 12 | 2003-11-15 | AWAY | Las Palmas | 2-2 |
| Segunda Division | 13 | 2003-11-22 | HOME | Levante UD | 0-1 |
| Segunda Division | 14 | 2003-11-30 | AWAY | Xerez | 2-1 |
| Segunda Division | 15 | 2003-12-07 | HOME | Polideportivo Ejido | 0-1 |
| Segunda Division | 16 | 2003-12-13 | AWAY | Terrassa CF | 0-0 |
| Segunda Division | 17 | 2003-12-21 | HOME | Rayo Vallecano | 1-1 |
| Segunda Division | 18 | 2004-01-04 | AWAY | FC Elche | 3-2 |
| Segunda Division | 19 | 2004-01-11 | HOME | CD Leganes | 1-2 |
| Segunda Division | 20 | 2004-01-18 | AWAY | Numancia CD | 0-1 |
| Segunda Division | 21 | 2004-01-25 | HOME | Ciudad de Murcia | 2-0 |
| Segunda Division | 22 | 2004-02-01 | HOME | SD Eibar | 2-2 |
| Segunda Division | 23 | 2004-02-08 | AWAY | CD Tenerife | 0-0 |
| Segunda Division | 24 | 2004-02-15 | HOME | Sporting Gijon | 0-3 |
| Segunda Division | 25 | 2004-02-22 | AWAY | UD Almeria | 2-2 |
| Segunda Division | 26 | 2004-02-29 | HOME | Atletico Malagueno | 0-0 |
| Segunda Division | 27 | 2004-03-06 | AWAY | Getafe CF | 3-0 |
| Segunda Division | 28 | 2004-03-13 | HOME | Deportivo Alaves | 1-2 |
| Segunda Division | 29 | 2004-03-21 | AWAY | Cadiz CF | 2-1 |
| Segunda Division | 30 | 2004-03-28 | AWAY | Recreativo de Huelva | 1-0 |
| Segunda Division | 31 | 2004-04-03 | HOME | Cordoba | 0-1 |
| Segunda Division | 32 | 2004-04-11 | AWAY | FC Salamanca | 1-0 |
| Segunda Division | 33 | 2004-04-18 | HOME | Las Palmas | 2-0 |
| Segunda Division | 34 | 2004-04-25 | AWAY | Levante UD | 3-1 |
| Segunda Division | 36 | 2004-05-09 | AWAY | Polideportivo Ejido | 0-0 |
| Segunda Division | 37 | 2004-05-16 | HOME | Terrassa CF | 2-1 |
| Segunda Division | 38 | 2004-05-23 | AWAY | Rayo Vallecano | 2-2 |
| Segunda Division | 35 | 2004-05-27 | HOME | Xerez | 2-1 |
| Segunda Division | 39 | 2004-05-30 | HOME | FC Elche | 2-2 |
| Segunda Division | 40 | 2004-06-06 | AWAY | CD Leganes | 3-2 |
| Segunda Division | 41 | 2004-06-13 | HOME | Numancia CD | 0-1 |
| Segunda Division | 42 | 2004-06-19 | AWAY | Ciudad de Murcia | 2-0 |
