Hi Emanuele,
Select the whole M31 galaxy as white reference, not just the core. If you select just the core, or an elliptic galaxy as you've done in the screenshot, then the white reference will be too red. You must use a relatively nearby spiral galaxy as white reference, as it will provide a source for all possible stellar populations and is not significantly reddened.
Let me know if it works better this way. If you wish, I'd be glad to give it a try if you can upload the image. It could be a nice firum tutorial.