The major part of the Hanonet Formation is deposited on a mixed siliciclastic– carbonate detrital ramp, whereas the top is dominated by carbonate-rimmed shelf-related sedimentation. The transition corresponds roughly to the Eifelian–Givetian boundary. This work is based on two stratigraphic sections located in the southern part of the Dinant Synclinorium. Petrographic study leads to the definition of 11 microfacies, which demonstrate important sedimentological differences existing between the sections. A curve showing microfacies evolution is interpreted in terms of changing bathymetry. An environmental model depicts the lateral transition from a multiclinal carbonate ramp (to the east) to a forereef setting (to the west). Magnetic susceptibility was used to establish accurate stratigraphic correlations between the two sections. It also leads to an appreciation of the relative importance of eustatic sea-level change and local sedimentation rate. The combined interpretation of the microfacies curves and the magnetic susceptibility provides a new view of the sedimentary dynamics of the studied sections and, in a more general way, a better understanding of the processes responsible for magnetic susceptibility variations in carbonate rocks.