diff --git a/src/core/manager.c b/src/core/manager.c
index 4b0f85273e..981c2dc147 100644
--- a/src/core/manager.c
+++ b/src/core/manager.c
@@ -1893,8 +1893,15 @@ static void manager_preset_all(Manager *m) {
         /* If this is the first boot, and we are in the host system, then preset everything */
         UnitFilePresetMode mode =
                 ENABLE_FIRST_BOOT_FULL_PRESET ? UNIT_FILE_PRESET_FULL : UNIT_FILE_PRESET_ENABLE_ONLY;
+        InstallChange *changes = NULL;
+        size_t n_changes = 0;
 
-        r = unit_file_preset_all(RUNTIME_SCOPE_SYSTEM, 0, NULL, mode, NULL, NULL);
+        CLEANUP_ARRAY(changes, n_changes, install_changes_free);
+
+        log_info("Applying preset policy.");
+        r = unit_file_preset_all(RUNTIME_SCOPE_SYSTEM, /* file_flags = */ 0,
+                                 /* root_dir = */ NULL, mode, &changes, &n_changes);
+        install_changes_dump(r, "preset", changes, n_changes, /* quiet = */ false);
         if (r < 0)
                 log_full_errno(r == -EEXIST ? LOG_NOTICE : LOG_WARNING, r,
                                "Failed to populate /etc with preset unit settings, ignoring: %m");