How to debug PXE kerrnel boot failure

I've got a weird problem and looking for possible pointers.

On at least one of our servers, kernel 5.10.0-0.deb10.16-amd64 boots without a problem. Bat as we don't want to rely on an "ancient" kernel build for Debian Buster, we also tried various later ones but they all fail to start in the same way. Taking for example 6.1.0-11-amd64 from Debian Bookworm, this one would boot fine from local disk, but the very same one loaded via DHCP/PXE/TFTP would load the kernel and initrd seemingly fine but then only print

early console in setup code
Probing EDD (edd=off to disable)... ok

and then hang, i.e. the newly loaded kernel does not even start. Kernel command line options include already

debug loglevel=7 ro console=ttyS1,115200n8 earlyprintk=serial,ttyS1,115200n8 console=tty0

and I don't get any more info from the system, neither via serial port nor at the console.

Anyone with pointers?

Edit: edd=off results in the very same except the corresponding line missing from output