Protection device for a vehicle luggage compartment including an accommodation structure, and a winding shaft on which a flexible planar structure is held. The planar structure has a pull-out profile on an end region, and on each of its opposite face sides is connected to a respective entrainer guided for linear movement in a guiding section extending in the longitudinal direction of the luggage compartment of a guiding track fixed to the luggage compartment. The accommodation structure is displaceable in the vertical direction of the luggage compartment, and each guiding track includes a deflection portion and a displacement section extending in the vertical direction of the luggage compartment, along which the entrainer is deflectable and movable in the vertical direction. The accommodation structure includes a coupling device, by which the accommodation structure is displaceable in height together with the entrainer in response to a position of the entrainer.