Abstract: A security element (1) for papers of value or security papers has at least one first color-shifting region (2), wherein the security element (1) additionally has at least one second region (3), different from the first region (2), with structures (4), which reflect an image motif in different spatial regions, such that a moving image is produced for an observer when a light source (5) is moved correspondingly and/or when a viewing angle is changed, wherein, when the light source is moved and/or the viewing angle is changed, a movement of the image motif and a color-shifting effect occurs at the same time.