| DNA Plovdiv, VVS Sofia and Cherveno Zname Pavlikeni promoted to A Grupa 1955. | | Spartak Ruse and Cherveno Zname Radomir remained in B Grupa (Level II). |
| Final Ranking | pts | w | d | l | gf | ga | g+- | | 1. DNA Plovdiv | 8 | 4 | 0 | 0 | 9: | 2 | +7 | | 2. VVS Sofia | 6 | 3 | 0 | 1 | 9: | 3 | +6 | | 3. Cherveno Zname Pavlikeni | 4 | 2 | 0 | 2 | 6: | 6 | 0 | | 4. Spartak Ruse | 1 | 0 | 1 | 3 | 4: | 9 | -5 | | 5. Cherveno Zname Radomir | 1 | 0 | 1 | 3 | 4: | 12 | -8 |
| Table | DNA | VVS | Cher | Spar | Cher | | DNA Plovdiv | ----- | 2:0 | 3:1 | 2:1 | 2:1 | | VVS Sofia | | ----- | 3:1 | 2:0 | 4:0 | | Cherveno Zname Pavlikeni | | | ----- | 2:0 | 3:0 | | Spartak Ruse | | | | ----- | 3:3 | | Cherveno Zname Radomir | | | | | ----- |
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| date | team 1 | score | team 2 | HT | | played at Stadium 9-ti Septemvri, Plovdiv | | Sun 10.10.54 | Cherveno Zname Pavlikeni | 2-0 | Spartak Ruse | 1-0 | | 1-0 Enev 45'; 2-0 Musakov 65' | | Sun 10.10.54 | DNA Plovdiv | 2-1 | Cherveno Zname Radomir | 2-1 | | 1-0 Vasilev 4'; 2-0 Kozhuharov ; 2-1 Yankov 34' | | Wed 13.10.54 | VVS Sofia | 2-0 | Spartak Ruse | | | Wed 13.10.54 | DNA Plovdiv | 3-1 | Cherveno Zname Pavlikeni | | | Sat 16.10.54 | Cherveno Zname Pavlikeni | 3-0 | Cherveno Zname Radomir | 2-0 | | Sat 16.10.54 | DNA Plovdiv | 2-0 | VVS Sofia | 1-0 | | 1-0 2-0 Vasilev 21' 47' | | Wed 20.10.54 | VVS Sofia | 4-0 | Cherveno Zname Radomir | | | Wed 20.10.54 | DNA Plovdiv | 2-1 | Spartak Ruse | | | Sat 23.10.54 | Spartak Ruse | 3-3 | Cherveno Zname Radomir | 2-2 | | Sat 23.10.54 | VVS Sofia | 3-1 | Cherveno Zname Pavlikeni | 2-0 |
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