The Guil River Valley (Queyras, Southern French Alps) is prone to catastrophic floods, as the long historical archives and Holocene sedimentary records demonstrate. In June 2000, the upper part of this valley was affected by a “30-year” recurrence interval (R.I.) flood. Although of lower magnitude and somewhat different nature from that of 1957 (>100-year R.I. flood), the 2000 event induced serious damage to infrastructure and buildings on the valley floor. Use of methods including high-resolution aerial photography, multi-date mapping, hydraulic calculations and field observations made possible the characterisation of the geomorphic impacts on the Guil River and its tributaries. The total rainfall (260 mm in four days) and maximum hourly intensity (17.3 mm h −1), aggravated by pre-existing saturated soils, explain the immediate response of the fluvial system and the subsequent destabilisation of slopes. Abundant water and sediment supply (landsliding, bank erosion), particularly from small catchment basins cut into slaty, schist bedrock, resulted in destructive pulses of debris flow and hyperconcentrated flows. The specific stream power of the Guil and its tributaries was greater than the critical stream power, thus explaining the abundant sediment transport. The Guil discharge was estimated as 180 m 3 s −1 at Aiguilles, compared to the annual mean discharge of 6 m 3 s −1 and a June mean discharge of 18 m 3 s −1. The impacts on the Guil valley floor (flooding, aggradation, generalised bank erosion and changes in the river pattern) were widespread and locally influenced by variations in the floodplain slope and/or channel geometry. The stream partially reoccupied former channels abandoned or modified in their geometry by various structures built during the last four decades, as exemplified by the Aiguilles case study, where the worst damage took place. A comparative study of the geomorphic consequences of both the 1957 and 2000 floods shows that, despite their poor maintenance, the flood control structures built after the 1957 event were relatively efficient, in contrast to unprotected places. The comparison also demonstrates the role of land-use changes (conversion from traditional agro-pastoral life to a ski/hiking-based economy, construction of various structures) in reducing the Guil channel capacity and, more generally, in increasing the vulnerability of the human installations. The efficiency of the measures taken after the 2000 flood (narrowing and digging out of the channel) is also assessed. Final evaluation suggests that, in such high mountainous environments, there is a need to keep most of the 1957 flooded zone clear of buildings and other structures (aside from the existing villages and structures of particular economic interest), in order to enable the river to migrate freely and to adjust to exceptional hydro-geomorphic conditions without causing major damage.