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Hardly an improvement on the previous two seasons, Borussia Dortmund's second-place finish is deceptive

A commanding second-place finish with the league's best defence, a financially painful "knockout blow" (Managing Director Carsten Cramer) in the Champions League, and an unfortunate round-of-16 exit in the DFB-Pokal: Borussia Dortmund's 2025/26 record is solid when focusing on their core business, the Bundesliga. Yet the campaign falls short of greatness and shows little progress on the previous two terms.

  • "You have to remember where you came from" has been BVB's mantra for the past eleven months. To set the record straight: the club finished fifth in 2023/24 and fourth in 2024/25, reaching the Champions League final in one campaign and the quarter-finals in the other. In the cup, their runs stalled in the round of 16 and the second round, respectively.

    Widen the lens to the eleven seasons since Jürgen Klopp's departure, and this campaign ranks as the club's third-best Bundesliga showing under Niko Kovac—their strongest in seven years. In eight of those eleven terms, BVB also scored more goals.

    Excluding the two seasons constantly cited by club officials, Dortmund finished as runners-up five times, third twice and fourth once in eight campaigns. The numbers confirm where BVB truly belongs: challenging at the top as Germany's clear financial number two. 

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  • Niko KovacGetty Images

    Has BVB's foundation truly become more solid under Niko Kovac?

    Finishing as runners-up this season—Borussia Dortmund's sixth second-place finish since 2015—has returned the club to the table position that aligns with its ambitions. That outcome neither minimises nor maximises the impact of coach Kovac's work.

    The 54-year-old oversaw Dortmund's best defence over the past decade (matching Thomas Tuchel's 2015/16 side), and his numbers stack up: 43 wins, 16 losses, and 13 draws from 72 competitive matches. Kovac has anchored the back line, bred a gritty work ethic, and maintained punch up front.

    That alone merits considerable credit, especially given the abbreviated off-season and the demanding Club World Cup in the United States. Sporting director Ole Book has vowed to build on this "very good foundation" next term, yet whether the squad is genuinely robust enough to realise the "new BVB" vision touted by CEO Carsten Cramer remains open to debate.

  • BVB: Bundesliga table positions since 2015/16

    SeasonManagerPositionGoal differencePoints
    2015/16Thomas Tuchel282:3478
    2016/17Thomas Tuchel372:4064
    2017/18Peter Bosz/Peter Stöger 464:4755
    2018/19Lucien Favre281:4476
    2019/20Lucien Favre/Edin Terzic284:4169
    2020/21Edin Terzic375:4664
    2021/22Marco Rose285:5269
    2022/23Edin Terzic283:4471
    2023/24Edin Terzic568:4363
    2024/25Nuri Sahin/Niko Kovac471:5157
    2025/26Niko Kovac270:3473
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  • BVB SiegGetty Images

    Here is how BVB's future development is expected to unfold.

    The blueprint for Borussia Dortmund's development is clear: under Kovac, they aim to project an image rarely seen so far. They want to attack with greater boldness and foresight, link up with renewed ingenuity, and exert stronger control over opponents when in possession. To that end, they have already added—and will keep adding—young, promising talents whose early contributions should bring flair and fluidity, while potentially delivering hefty transfer fees down the line.

    On paper, it sounds excellent, and fans are eager to see Book's first transfer window at BVB. Yet, when we examine Dortmund's last 72 competitive matches, the more intriguing question is: can Kovac—who, by all accounts, is set to receive a second early contract extension within a year—really meet these expectations?

    To deliver that, he may need to reinvent himself. Throughout his coaching career, Kovac has favoured a pragmatic, defensive approach whose rigid tactics often stifle free-flowing football. In Dortmund so far, he has failed to inject genuine imagination or variety into the side's play. 

  • FBL-GER-BUNDESLIGA-HOFFENHEIM-DORTMUNDAFP

    BVB exposed clear weaknesses against strong opponents

    That is precisely why the club's management is now demanding the next stage of development. The logic is simple: the defence is solid and should stay that way, but the attack needs more firepower. As a result, Kovac's deliberate decision to drop wingers who excel in one-on-one situations is being reversed.

    For that to work tactically, Kovac would have to tweak his familiar, much-maligned 'U-pass' system (click here for a detailed explanation). While that approach brought defensive solidity, Offensively, though, it creates a heavy reliance on crosses. No surprise, then, that Julian Ryerson finished the season with a standout 18 assists in just 15 appearances.  

    This approach exposed BVB's limitations against quality opposition. In 16 matches against Bayern, Leipzig, Stuttgart, Hoffenheim, Leverkusen, Man City, Inter, Tottenham and Bergamo, they won only four, losing nine and conceding 28 goals.

  • FBL-GER-BUNDESLIGA-DORTMUND-WOLFSBURGAFP

    BVB and the fallacy of second place

    This is more than a passing trend. Dortmund have regressed significantly against strong opponents, too often lacking maturity, resilience and consistency. That raises serious questions about the squad's quality. For years, BVB have carried too many inconsistent performers. Full-backs Ryerson and Daniel Svensson are not up to top international standards, the squad lacks a commanding defensive midfielder, and genuine leaders remain elusive.

    Even in the league, their performances—judged on quality alone—have been mostly mediocre. In expected points, BVB have bagged eleven more than projected—without that overperformance, they would have sneaked into the Champions League only via goal difference over Stuttgart. Much of that cushion came from clinical finishing: a few chances, a few decisive goals.

    Second place, then, is no guarantee of progress. That must come next season, and it is up to Kovac to deliver—better and differently than before.

  • BVB Fixtures: Borussia Dortmund's Upcoming Matches

    FixtureCompetitionMatch
    18 JulyFriendlyRot-Weiß Oberhausen vs. BVB
    29 JulyFriendlyCerezo Osaka vs. BVB
    1 AugustFriendlyFC Tokyo vs. BVB