The sedimentary sequence of La Narce du Béage Basin is one of the few natural archives covering the last 18 ka cal. BP in the French Massif Central. This paper focuses on the palaeoecological reconstruction of environmental and climatic changes affecting this shallow periglacial lake from the Late-Glacial to the Early Holocene. After field surveys and geophysical mapping, two cores (cores A and D) were extracted and dated. Plant macrofossils, pollen, non-pollen palynomorphs (NPPs) and diatom assemblages were compared within the cores to study vegetation, temperature, pH, water level and ice cover changes through time. During the Oldest Dryas (18–14.75 ka cal. BP), climatic conditions were the coldest with a short ice-free season allowing the development of periphytic diatoms only (ecologically comparable to Arctic ones). A cold and dry steppe landscape – exposed to severe erosion – comprised an herbaceous and shrub flora (e.g. Artemisia, Chenopodiaceae, Helianthemum, Ephedra, Hippophaë, Juniperus). Animal presence is suggested by coprophilous fungi. Periphytic diatoms and allochtonous pollen (Cedrus) underline windy conditions, and the possible erosion of neo-formed soils. Then, during the Bølling-Allerød interstadial (14.75–12.7 ka cal. BP), the ice-free season increased and some trees/shrubs (Salix, Betula and Juniperus) established locally within open grasslands. During the Younger Dryas (12.7–11.7 ka cal. BP) cooler conditions favoured steppe taxa again (Helianthemum, Achillea, Artemisia, Caryophyllaceae, Ranunculaceae) and erosion increased. The ice cover on the lake prevailed even if the conditions were not as cold as during the Oldest Dryas. During the Preboreal (11.7–10 ka cal. BP) Isoëtes echinospora and I. lacustris developed in the eulittoral zone of the lake, which was surrounded by a swamp forest (with Betula nana and B. pubescens). Pinus sylvestris, Betula pendula, Corylus avellana and trees from the Quercetum mixtum rapidly established in the uplands. Occurrences of Gaeumannomyces and Xylomyces fungi – both phytopathogens on broadleaved trees – and decreasing herb values indirectly hint at a close forest canopy. At the beginning of the Boreal (10 ka cal. BP), aquatic and semi-aquatic taxa developed on open water due to longer ice-free seasons (diatoms, micro-algae, Alisma plantago-aquatica, Potamogeton, Typha). The final terrestrialization towards a mire occurred as a consequence of the Holocene warming and related to water chemistry changes (acidification, eutrophication).