Windows Client: Explorer is showing overlay icons instead of state column

I have Nextcloud Client 3.7.3 installed on two different machines running the same version of Windows and connected to the same server. All client settings are identical. In Windows Explorer, on the 1st machine the overlay icons are displayed on the file icons, on the 2nd the icons are displayed in a status column.

How do I get the 1st computer to display the sync status in a state column as well?