In C major, it is in a single-part form.

A [a (measures 1-4) + b (measures 5-8)]

The motif of the theme (measures 1-2) features two ascending slurred eighth notes followed by two staccato notes on the same pitch. It is dance-like, and as the work's title suggests, evokes a cheerful, upward-leaping atmosphere. From measure 5, it becomes an inversion of the opening motif, descending to its conclusion.