The river Gvozdac (Serbia, Yugoslavia) is a small hill water current. It is situated on the mountain Goc and it belongs to the river basin of the river Ibar. During 1965, water micro-reservoir "Gvozdac" on the river Gvozdac was built for the hydroenergetic purposes, with the capacity of about 30,000 cubic meter and the maximum depth, in the present situation of about 2.5 m. Algological and saprobiological enquires have been performed on the water micro-reservoir, on the very river Gvozdac, on the river Ribnica and on some smaller stagnant waters on the given area, in the period between 1988-1994. The analysis have been shown that under the influence of antropogenic factors changes became apparent in the confluence and structure of algae flora as well as a degradation of water quality. The example of water micro-reservoir on the river Gvozdac indicates the destructive processes which are being developed in water micro-reservoirs and which should be stopped, as the significance of the small stagnant waters are not only in keeping and improvement of qualities of greater aquatorials and water tributaries of the river basins but also in the storing of biodiversity of aquatic assotiations in river basins (as well as in algae flora as one of the components).