sgkini: You are right about that. It should only appear once in the calculation.
However, that transformer is marked "ED=20%" which means that it is not rated for continuous operation but for 20% intermittency at 190 VA. (20% of the time on, 80% off) I'd guess it's the transformer for powering the motor of a desk with adjustable height. The intended application would have the mains connected to the transformer all the time, but it would only be loaded for short periods quite seldom.
If you only load it to 40% of its rated current it should be okay for continuous operation because this gives 20% of the heating compared to the rated current which it is only rated for to carry 20% of the time.
The reason the voltage is quite high is to compensate for the voltage drop at rated load. The voltage drop at rated load can be quite large for a low-intermittency tranformer.
25.5V might also be the average rectified voltage (rather than RMS), including the diode drops. The average rectified value is about 0.9 times the RMS value for a sine, so it adds about 10% to the expected peak value.