<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<!--
  This file is part of the Dutch Taxonomy (Nederlandse Taxonomie; NT)
  Intellectual Property of the State of the Netherlands
  Architecture: NT20
  Version: 20251210
  Release date: October 31, 2025
-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink">
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="bzk-ww-dm_ToOtherPartiesMember_label_nl" xlink:label="bzk-ww-dm_ToOtherPartiesMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Aan andere partijen</link:label>
    <link:label id="bzk-ww-dm_ToFutureResidentsMember_label_nl" xlink:label="bzk-ww-dm_ToFutureResidentsMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Aan toekomstige bewoners</link:label>
    <link:label id="bzk-ww-dm_CommercialRealEstateMember_label_nl" xlink:label="bzk-ww-dm_CommercialRealEstateMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Bedrijfsruimte</link:label>
    <link:label id="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsExistingBuildingsMember_label_nl" xlink:label="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsExistingBuildingsMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Bestaande verkochte woongelegenheden onder voorwaarden</link:label>
    <link:label id="bzk-ww-dm_DAEBActivitiesMember_label_nl" xlink:label="bzk-ww-dm_DAEBActivitiesMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">DAEB activiteiten</link:label>
    <link:label id="bzk-ww-dm_DAEBNonDAEBActivitiesMember_label_nl" xlink:label="bzk-ww-dm_DAEBNonDAEBActivitiesMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">DAEB en niet-DAEB activiteiten</link:label>
    <link:label id="bzk-ww-dm_DAEBNonDAEBActivitiesCompoundMember_label_nl" xlink:label="bzk-ww-dm_DAEBNonDAEBActivitiesCompoundMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">DAEB, niet-DAEB en activiteiten in verbinding</link:label>
    <link:label id="bzk-ww-dm_OneFamilyHousesAndMultiFamilyHousesMember_label_nl" xlink:label="bzk-ww-dm_OneFamilyHousesAndMultiFamilyHousesMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">EGW/MGW</link:label>
    <link:label id="bzk-ww-dm_UnitsInExploitationMember_label_nl" xlink:label="bzk-ww-dm_UnitsInExploitationMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Eenheden in exploitatie</link:label>
    <link:label id="bzk-ww-dm_SecuritiesNoncurrentMember_label_nl" xlink:label="bzk-ww-dm_SecuritiesNoncurrentMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Effecten (langlopend)</link:label>
    <link:label id="bzk-ww-dm_ExtramuralMember_label_nl" xlink:label="bzk-ww-dm_ExtramuralMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Extramuraal</link:label>
    <link:label id="bzk-ww-dm_DataCorporationMember_label_nl" xlink:label="bzk-ww-dm_DataCorporationMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Gegevens corporatie</link:label>
    <link:label id="bzk-ww-dm_LandPositionsBalanceSheetMember_label_nl" xlink:label="bzk-ww-dm_LandPositionsBalanceSheetMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Grondposities in de balans opgenomen</link:label>
    <link:label id="bzk-ww-dm_LandPositionsConstructionMember_label_nl" xlink:label="bzk-ww-dm_LandPositionsConstructionMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Grondposities met bouwbestemming</link:label>
    <link:label id="bzk-ww-dm_LandPositionsOffBalanceSheetMember_label_nl" xlink:label="bzk-ww-dm_LandPositionsOffBalanceSheetMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Grondposities niet in de balans opgenomen</link:label>
    <link:label id="bzk-ww-dm_LandPositionsNoConstructionMember_label_nl" xlink:label="bzk-ww-dm_LandPositionsNoConstructionMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Grondposities zonder bouwbestemming</link:label>
    <link:label id="bzk-ww-dm_LandPositionsMember_label_nl" xlink:label="bzk-ww-dm_LandPositionsMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Grondposities</link:label>
    <link:label id="bzk-ww-dm_GreaterThanDAEBLimitBelowLiberalisationBorderMember_label_nl" xlink:label="bzk-ww-dm_GreaterThanDAEBLimitBelowLiberalisationBorderMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan DAEB-huurgrens en kleiner of gelijk aan liberalisatiegrens</link:label>
    <link:label id="bzk-ww-dm_GreaterThanDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:label="bzk-ww-dm_GreaterThanDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan aftoppingsgrens en kleiner of gelijk aan DAEB-huurgrens</link:label>
    <link:label id="bzk-ww-dm_SmallerOrEqualToQualityDiscountLimitMember_label_nl" xlink:label="bzk-ww-dm_SmallerOrEqualToQualityDiscountLimitMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan basishuur en kleiner of gelijk aan kwaliteitskortingsgrens</link:label>
    <link:label id="bzk-ww-dm_GreaterThanLiberalisationBorderMember_label_nl" xlink:label="bzk-ww-dm_GreaterThanLiberalisationBorderMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan de liberalisatiegrens</link:label>
    <link:label id="bzk-ww-dm_GreaterThanHighestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:label="bzk-ww-dm_GreaterThanHighestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan hoogste aftoppingsgrens en kleiner of gelijk aan DAEB-huurgrens</link:label>
    <link:label id="bzk-ww-dm_IncomeLimitSinglePersonHouseHoldsMember_label_nl" xlink:label="bzk-ww-dm_IncomeLimitSinglePersonHouseHoldsMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan inkomensgrens eenpersoonshuishoudens</link:label>
    <link:label id="bzk-ww-dm_IncomeLimitMultiPersonHouseHoldsMember_label_nl" xlink:label="bzk-ww-dm_IncomeLimitMultiPersonHouseHoldsMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan inkomensgrens meerpersoonshuishoudens</link:label>
    <link:label id="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToHighestDrainageLimitMember_label_nl" xlink:label="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToHighestDrainageLimitMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan kwaliteitskortingsgrens en kleiner of gelijk aan hoogste aftoppingsgrens</link:label>
    <link:label id="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToLowestDrainageLimitMember_label_nl" xlink:label="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToLowestDrainageLimitMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan kwaliteitskortingsgrens en kleiner of gelijk aan laagste aftoppingsgrens</link:label>
    <link:label id="bzk-ww-dm_GreaterThanLowestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:label="bzk-ww-dm_GreaterThanLowestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Groter dan laagste aftoppingsgrens en kleiner of gelijk aan DAEB-huurgrens</link:label>
    <link:label id="bzk-ww-dm_RentIncomeMember_label_nl" xlink:label="bzk-ww-dm_RentIncomeMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Huuropbrengsten</link:label>
    <link:label id="bzk-ww-dm_IncomeLimitTotalMember_label_nl" xlink:label="bzk-ww-dm_IncomeLimitTotalMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Inkomensgrens eenpersoonshuishoudens en meerpersoonshuishoudens</link:label>
    <link:label id="bzk-ww-dm_IntramuralHealthcareRealEstateMember_label_nl" xlink:label="bzk-ww-dm_IntramuralHealthcareRealEstateMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Intramuraal zorgvastgoed</link:label>
    <link:label id="bzk-ww-dm_BasicRentMember_label_nl" xlink:label="bzk-ww-dm_BasicRentMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Kleiner of gelijk aan basishuur</link:label>
    <link:label id="bzk-ww-dm_SocialRealEstateMember_label_nl" xlink:label="bzk-ww-dm_SocialRealEstateMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Maatschappelijk vastgoed</link:label>
    <link:label id="bzk-ww-dm_CompoundNonDAEBActivitiesMember_label_nl" xlink:label="bzk-ww-dm_CompoundNonDAEBActivitiesMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Niet-DAEB activiteiten in verbindingen</link:label>
    <link:label id="bzk-ww-dm_NonDAEBActivitiesMember_label_nl" xlink:label="bzk-ww-dm_NonDAEBActivitiesMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Niet-DAEB activiteiten</link:label>
    <link:label id="bzk-ww-dm_NonDaebAndCompoundMember_label_nl" xlink:label="bzk-ww-dm_NonDaebAndCompoundMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Niet-DAEB en geconsolideerde niet-DAEB verbindingen</link:label>
    <link:label id="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsNewBuildingsMember_label_nl" xlink:label="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsNewBuildingsMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Nieuwbouw verkochte woongelegenheden onder voorwaarden</link:label>
    <link:label id="bzk-ww-dm_RealEstateSoldSubjectTermsConditionsMember_label_nl" xlink:label="bzk-ww-dm_RealEstateSoldSubjectTermsConditionsMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Onroerende zaken verkocht onder voorwaarden</link:label>
    <link:label id="bzk-ww-dm_OtherUnityTypeMember_label_nl" xlink:label="bzk-ww-dm_OtherUnityTypeMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Overige eenheidsoort</link:label>
    <link:label id="bzk-ww-dm_ParkingFacilityAndOthersMember_label_nl" xlink:label="bzk-ww-dm_ParkingFacilityAndOthersMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Parkeergelegenheid en Overig</link:label>
    <link:label id="bzk-ww-dm_ParkingFacilityMember_label_nl" xlink:label="bzk-ww-dm_ParkingFacilityMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Parkeergelegenheid</link:label>
    <link:label id="bzk-ww-dm_PayablesGovernmentNoncurrentMember_label_nl" xlink:label="bzk-ww-dm_PayablesGovernmentNoncurrentMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Schulden aan overheid (langlopend)</link:label>
    <link:label id="bzk-ww-dm_StudentUnitsMember_label_nl" xlink:label="bzk-ww-dm_StudentUnitsMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Studenteneenheden</link:label>
    <link:label id="bzk-ww-dm_TransactionsFromDaebTiToNonDaebTiMember_label_nl" xlink:label="bzk-ww-dm_TransactionsFromDaebTiToNonDaebTiMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Transacties van DAEB TI naar niet-DAEB TI</link:label>
    <link:label id="bzk-ww-dm_TransactionsFromNonDaebTiToDaebTiMember_label_nl" xlink:label="bzk-ww-dm_TransactionsFromNonDaebTiToDaebTiMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Transacties van niet-DAEB TI naar DAEB TI</link:label>
    <link:label id="bzk-ww-dm_TypesOfRealEstateMember_label_nl" xlink:label="bzk-ww-dm_TypesOfRealEstateMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Typen vastgoed</link:label>
    <link:label id="bzk-ww-dm_RealEstateInDevelopmentForOwnExploitationMember_label_nl" xlink:label="bzk-ww-dm_RealEstateInDevelopmentForOwnExploitationMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Vastgoed in ontwikkeling bestemd voor eigen exploitatie</link:label>
    <link:label id="bzk-ww-dm_LivingSpaceMember_label_nl" xlink:label="bzk-ww-dm_LivingSpaceMember_label_nl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="nl">Woonruimte</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_BasicRentMember_loc" xlink:to="bzk-ww-dm_BasicRentMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_CommercialRealEstateMember_loc" xlink:to="bzk-ww-dm_CommercialRealEstateMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_CompoundNonDAEBActivitiesMember_loc" xlink:to="bzk-ww-dm_CompoundNonDAEBActivitiesMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_DAEBActivitiesMember_loc" xlink:to="bzk-ww-dm_DAEBActivitiesMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_DAEBNonDAEBActivitiesCompoundMember_loc" xlink:to="bzk-ww-dm_DAEBNonDAEBActivitiesCompoundMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_DAEBNonDAEBActivitiesMember_loc" xlink:to="bzk-ww-dm_DAEBNonDAEBActivitiesMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_DataCorporationMember_loc" xlink:to="bzk-ww-dm_DataCorporationMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_ExtramuralMember_loc" xlink:to="bzk-ww-dm_ExtramuralMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_GreaterThanDAEBLimitBelowLiberalisationBorderMember_loc" xlink:to="bzk-ww-dm_GreaterThanDAEBLimitBelowLiberalisationBorderMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_GreaterThanDrainageLimitSmallerOrEqualToLiberalisationBorderMember_loc" xlink:to="bzk-ww-dm_GreaterThanDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_GreaterThanHighestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_loc" xlink:to="bzk-ww-dm_GreaterThanHighestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_GreaterThanLiberalisationBorderMember_loc" xlink:to="bzk-ww-dm_GreaterThanLiberalisationBorderMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_GreaterThanLowestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_loc" xlink:to="bzk-ww-dm_GreaterThanLowestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToHighestDrainageLimitMember_loc" xlink:to="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToHighestDrainageLimitMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToLowestDrainageLimitMember_loc" xlink:to="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToLowestDrainageLimitMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsExistingBuildingsMember_loc" xlink:to="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsExistingBuildingsMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsNewBuildingsMember_loc" xlink:to="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsNewBuildingsMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_IncomeLimitMultiPersonHouseHoldsMember_loc" xlink:to="bzk-ww-dm_IncomeLimitMultiPersonHouseHoldsMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_IncomeLimitSinglePersonHouseHoldsMember_loc" xlink:to="bzk-ww-dm_IncomeLimitSinglePersonHouseHoldsMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_IncomeLimitTotalMember_loc" xlink:to="bzk-ww-dm_IncomeLimitTotalMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_IntramuralHealthcareRealEstateMember_loc" xlink:to="bzk-ww-dm_IntramuralHealthcareRealEstateMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_LandPositionsBalanceSheetMember_loc" xlink:to="bzk-ww-dm_LandPositionsBalanceSheetMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_LandPositionsConstructionMember_loc" xlink:to="bzk-ww-dm_LandPositionsConstructionMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_LandPositionsMember_loc" xlink:to="bzk-ww-dm_LandPositionsMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_LandPositionsNoConstructionMember_loc" xlink:to="bzk-ww-dm_LandPositionsNoConstructionMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_LandPositionsOffBalanceSheetMember_loc" xlink:to="bzk-ww-dm_LandPositionsOffBalanceSheetMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_LivingSpaceMember_loc" xlink:to="bzk-ww-dm_LivingSpaceMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_NonDAEBActivitiesMember_loc" xlink:to="bzk-ww-dm_NonDAEBActivitiesMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_NonDaebAndCompoundMember_loc" xlink:to="bzk-ww-dm_NonDaebAndCompoundMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_OneFamilyHousesAndMultiFamilyHousesMember_loc" xlink:to="bzk-ww-dm_OneFamilyHousesAndMultiFamilyHousesMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_OtherUnityTypeMember_loc" xlink:to="bzk-ww-dm_OtherUnityTypeMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_ParkingFacilityAndOthersMember_loc" xlink:to="bzk-ww-dm_ParkingFacilityAndOthersMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_ParkingFacilityMember_loc" xlink:to="bzk-ww-dm_ParkingFacilityMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_PayablesGovernmentNoncurrentMember_loc" xlink:to="bzk-ww-dm_PayablesGovernmentNoncurrentMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_RealEstateInDevelopmentForOwnExploitationMember_loc" xlink:to="bzk-ww-dm_RealEstateInDevelopmentForOwnExploitationMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_RealEstateSoldSubjectTermsConditionsMember_loc" xlink:to="bzk-ww-dm_RealEstateSoldSubjectTermsConditionsMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_RentIncomeMember_loc" xlink:to="bzk-ww-dm_RentIncomeMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_SecuritiesNoncurrentMember_loc" xlink:to="bzk-ww-dm_SecuritiesNoncurrentMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_SmallerOrEqualToQualityDiscountLimitMember_loc" xlink:to="bzk-ww-dm_SmallerOrEqualToQualityDiscountLimitMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_SocialRealEstateMember_loc" xlink:to="bzk-ww-dm_SocialRealEstateMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_StudentUnitsMember_loc" xlink:to="bzk-ww-dm_StudentUnitsMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_ToFutureResidentsMember_loc" xlink:to="bzk-ww-dm_ToFutureResidentsMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_ToOtherPartiesMember_loc" xlink:to="bzk-ww-dm_ToOtherPartiesMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_TransactionsFromDaebTiToNonDaebTiMember_loc" xlink:to="bzk-ww-dm_TransactionsFromDaebTiToNonDaebTiMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_TransactionsFromNonDaebTiToDaebTiMember_loc" xlink:to="bzk-ww-dm_TransactionsFromNonDaebTiToDaebTiMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_TypesOfRealEstateMember_loc" xlink:to="bzk-ww-dm_TypesOfRealEstateMember_label_nl" xlink:type="arc"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="bzk-ww-dm_UnitsInExploitationMember_loc" xlink:to="bzk-ww-dm_UnitsInExploitationMember_label_nl" xlink:type="arc"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_BasicRentMember" xlink:label="bzk-ww-dm_BasicRentMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_CommercialRealEstateMember" xlink:label="bzk-ww-dm_CommercialRealEstateMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_CompoundNonDAEBActivitiesMember" xlink:label="bzk-ww-dm_CompoundNonDAEBActivitiesMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_DAEBActivitiesMember" xlink:label="bzk-ww-dm_DAEBActivitiesMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_DAEBNonDAEBActivitiesCompoundMember" xlink:label="bzk-ww-dm_DAEBNonDAEBActivitiesCompoundMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_DAEBNonDAEBActivitiesMember" xlink:label="bzk-ww-dm_DAEBNonDAEBActivitiesMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_DataCorporationMember" xlink:label="bzk-ww-dm_DataCorporationMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_ExtramuralMember" xlink:label="bzk-ww-dm_ExtramuralMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_GreaterThanDAEBLimitBelowLiberalisationBorderMember" xlink:label="bzk-ww-dm_GreaterThanDAEBLimitBelowLiberalisationBorderMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_GreaterThanDrainageLimitSmallerOrEqualToLiberalisationBorderMember" xlink:label="bzk-ww-dm_GreaterThanDrainageLimitSmallerOrEqualToLiberalisationBorderMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_GreaterThanHighestDrainageLimitSmallerOrEqualToLiberalisationBorderMember" xlink:label="bzk-ww-dm_GreaterThanHighestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_GreaterThanLiberalisationBorderMember" xlink:label="bzk-ww-dm_GreaterThanLiberalisationBorderMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_GreaterThanLowestDrainageLimitSmallerOrEqualToLiberalisationBorderMember" xlink:label="bzk-ww-dm_GreaterThanLowestDrainageLimitSmallerOrEqualToLiberalisationBorderMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToHighestDrainageLimitMember" xlink:label="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToHighestDrainageLimitMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToLowestDrainageLimitMember" xlink:label="bzk-ww-dm_GreaterThanQualityDiscountLimitSmallerOrEqualToLowestDrainageLimitMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_HousingFacilitiesSoldUnderConditionsExistingBuildingsMember" xlink:label="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsExistingBuildingsMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_HousingFacilitiesSoldUnderConditionsNewBuildingsMember" xlink:label="bzk-ww-dm_HousingFacilitiesSoldUnderConditionsNewBuildingsMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_IncomeLimitMultiPersonHouseHoldsMember" xlink:label="bzk-ww-dm_IncomeLimitMultiPersonHouseHoldsMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_IncomeLimitSinglePersonHouseHoldsMember" xlink:label="bzk-ww-dm_IncomeLimitSinglePersonHouseHoldsMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_IncomeLimitTotalMember" xlink:label="bzk-ww-dm_IncomeLimitTotalMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_IntramuralHealthcareRealEstateMember" xlink:label="bzk-ww-dm_IntramuralHealthcareRealEstateMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_LandPositionsBalanceSheetMember" xlink:label="bzk-ww-dm_LandPositionsBalanceSheetMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_LandPositionsConstructionMember" xlink:label="bzk-ww-dm_LandPositionsConstructionMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_LandPositionsMember" xlink:label="bzk-ww-dm_LandPositionsMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_LandPositionsNoConstructionMember" xlink:label="bzk-ww-dm_LandPositionsNoConstructionMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_LandPositionsOffBalanceSheetMember" xlink:label="bzk-ww-dm_LandPositionsOffBalanceSheetMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_LivingSpaceMember" xlink:label="bzk-ww-dm_LivingSpaceMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_NonDAEBActivitiesMember" xlink:label="bzk-ww-dm_NonDAEBActivitiesMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_NonDaebAndCompoundMember" xlink:label="bzk-ww-dm_NonDaebAndCompoundMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_OneFamilyHousesAndMultiFamilyHousesMember" xlink:label="bzk-ww-dm_OneFamilyHousesAndMultiFamilyHousesMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_OtherUnityTypeMember" xlink:label="bzk-ww-dm_OtherUnityTypeMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_ParkingFacilityAndOthersMember" xlink:label="bzk-ww-dm_ParkingFacilityAndOthersMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_ParkingFacilityMember" xlink:label="bzk-ww-dm_ParkingFacilityMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_PayablesGovernmentNoncurrentMember" xlink:label="bzk-ww-dm_PayablesGovernmentNoncurrentMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_RealEstateInDevelopmentForOwnExploitationMember" xlink:label="bzk-ww-dm_RealEstateInDevelopmentForOwnExploitationMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_RealEstateSoldSubjectTermsConditionsMember" xlink:label="bzk-ww-dm_RealEstateSoldSubjectTermsConditionsMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_RentIncomeMember" xlink:label="bzk-ww-dm_RentIncomeMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_SecuritiesNoncurrentMember" xlink:label="bzk-ww-dm_SecuritiesNoncurrentMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_SmallerOrEqualToQualityDiscountLimitMember" xlink:label="bzk-ww-dm_SmallerOrEqualToQualityDiscountLimitMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_SocialRealEstateMember" xlink:label="bzk-ww-dm_SocialRealEstateMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_StudentUnitsMember" xlink:label="bzk-ww-dm_StudentUnitsMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_ToFutureResidentsMember" xlink:label="bzk-ww-dm_ToFutureResidentsMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_ToOtherPartiesMember" xlink:label="bzk-ww-dm_ToOtherPartiesMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_TransactionsFromDaebTiToNonDaebTiMember" xlink:label="bzk-ww-dm_TransactionsFromDaebTiToNonDaebTiMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_TransactionsFromNonDaebTiToDaebTiMember" xlink:label="bzk-ww-dm_TransactionsFromNonDaebTiToDaebTiMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_TypesOfRealEstateMember" xlink:label="bzk-ww-dm_TypesOfRealEstateMember_loc" xlink:type="locator"/>
    <link:loc xlink:href="bzk-ww-domains.xsd#bzk-ww-dm_UnitsInExploitationMember" xlink:label="bzk-ww-dm_UnitsInExploitationMember_loc" xlink:type="locator"/>
  </link:labelLink>
</link:linkbase>
