Abstract The rise of single-cell data highlights the need for a nondeterministic view of gene expression, while offering new opportunities regarding gene regulatory network inference. We recently introduced two strategies that specifically exploit time-course data, where single-cell profiling is performed after a stimulus: HARISSA, a mechanistic network model with a highly efficient simulation procedure, and CARDAMOM, a scalable inference method seen as model calibration. Here, we combine the two approaches and show that the same model driven by transcriptional bursting can be used simultaneously as an inference tool, to reconstruct biologically relevant networks, and as a simulation tool, to generate realistic transcriptional profiles emerging from gene interactions. We verify that CARDAMOM quantitatively reconstructs causal links when the data is simulated from HARISSA, and demonstrate its performance on experimental data collected on in vitro differentiating mouse embryonic stem cells. Overall, this integrated strategy largely overcomes the limitations of disconnected inference and simulation. Author summary Gene regulatory network (GRN) inference is an old problem, to which single-cell data has recently offered new challenges and breakthrough potential. Many GRN inference methods based on single-cell transcriptomic data have been developed over the last few years, while GRN simulation tools have also been proposed for generating synthetic datasets with realistic features. However, except for benchmarking purposes, these two fields remain largely disconnected. In this work, building on a combination of two methods we recently described, we show that a particular GRN model can be used simultaneously as an inference tool, to reconstruct a biologically relevant network from time-course single-cell gene expression data, and as a simulation tool, to generate realistic transcriptional profiles in a non-trivial way through gene interactions. This integrated strategy demonstrates the benefits of using the same executable model for both simulation and inference.