The 10 mA source and 25 mA are the chip’s maximum values. The actual current depends on the applied power supply voltage, used LED and current limiting resistor, that in on LED’s voltage drop. See also Fig 15 - Direct LED connection, in chapter 7.7 of the datasheet. I understand that it depicts a sink configuration and it complies with your understanding.
To verify that, replace the LED with a resistor. For example, for a sinked LED when the PCA9685 is supplied from a 3.3 V rail:
R = U / I = 3.3 / 0.025 = 132 ohm
To be on the safe side use the next higher value available, which is 150 ohm:
I = U / R = 3.3 / 150 = 0.022 = 22 mA
So when a sink LED is replaced with a 150 ohm resistor the measured current should be close to 22 mA.
WARNING: For a sourced LED the maximum current is 10 mA so R = 3.3 / 0.010 = 330 ohm !
NOTE: The LED forward voltage drop across the LED in volts, shown as Vf on LED datasheets. Typically, the forward voltage of an LED is between 1.8 and 3.3 volts. It varies by the color of the LED. A red LED typically drops around 1.7 to 2.0 volts, but since both voltage drop and light frequency increase with frequency, a blue LED may drop around 3 to 3.3 volts.